Elvis Beslagic – Broker Elvis Beslagic Suspended from Securities Industry | Goodman & Nekvasil, P.A. May Recover Investor Losses
Elvis Beslagic is a previously licensed financial advisor licensed financial advisor with TD Ameritrade. According to FINRA, Elvis Beslagic was fined $5,000 and was suspended from the securities industry for 12 months in June 2021.
According to FINRA Allegations:
Beslagic consented to the sanctions and to the entry of findings that he posed as a member firm customer to conceal his access to, and trading in, the customer’s self-directed account. The findings stated that the firm prohibited registered representatives from having full or limited trading authority over customer accounts. The firm also prohibited registered representatives from using their personal devices to communicate with firm customers by any method, and specifically prohibited exchanging business-related text messages with customers through personal or firm-issued electronic devices. Beslagic agreed to help the firm customer generate a quick return by executing an options trading strategy in the customer’s self-directed firm account. Because Beslagic was prohibited from accessing or placing trades in customer accounts, the customer provided Beslagic with his account login credentials. Beslagic used his personal cell phone and the customer’s login credentials to access the account and execute trades. Beslagic concealed his trading from the firm by posing as the customer and coordinating the trades by text messages from his personal cell phone. Beslagic exchanged over 1,000 text messages with the customer regarding trade recommendations and specific trades in the customer’s account. The findings also stated that Beslagic caused the firm to maintain incomplete business-related communications. Beslagic did not inform the firm or provide the firm copies of the text messages. Beslagic also falsely certified in his annual compliance questionnaire that he had not placed trades in any unauthorized accounts and that he had complied with the firm’s text message policy.
Goodman & Nekvasil P.A. May Recover Investor Losses
If you lost money on investments with Elvis Beslagic and believe the investments may have been unsuitable or otherwise improper for you, we would like to discuss the possibility of your retaining our firm to represent you in an arbitration action concerning Elvis Beslagic’s conduct. There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.
Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA, has practiced in this area of the law for more than 35 years. Goodman & Nekvasil, P.A. has recovered more than $200 million on behalf of victimized investors. If you lost money on investments with Elvis Beslagic and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.
Some of the information in this blog post was obtained on 6/2/2021 directly from FINRA BrokerCheck, without any changes. If you believe this information was reported incorrectly, please contact our firm at 1-800-500-4442.