Texas State Securities Board Reprimands SHAI NEGANDNI – Goodman & Nekvasil, P.A. May Recover Losses
Texas State Securities Board Reprimands SHAI NEGANDNI.
SHAILESH N NEGANDHI, SHAI N NEGANDNI, SHAILESH N NEGANDNI, Shailesh Narottam Negandhi
CRD#: 4897340
Call 800-500-4442 if you think that you have received unsuitable investment recommendations from your adviser.
SHAILESH NAROTTAM NEGANDHI (CRD#: 4897340), a former registered broker for UBS FINANCIAL SERVICES INC., in PLANO, TX, consented to the entry of this order.
The TSSB found that Negandhi repeated a pattern of short – term trading in CEFs without a reasonable basis to do so and in violation of his firm’s policies. These violations constitute an inequitable practice in the sale of securities. Pursuant to Section 4007.105(a)(3)(A) of the Texas Securities Act, the aforementioned inequitable practice constitutes a basis for the issuance of an Order reprimanding and suspending Negandhi.
Texas State Securities Board Reprimands SHAI NEGANDNI.
Goodman & Nekvasil, P.A., is investigating brokers who may have unsuitably recommended investments to its clients.
St. Petersburg, Florida law firm Goodman & Nekvasil, P.A., has a national practice representing victimized investors. The firm continues to investigate brokerage firms that placed elderly retirees and other conservative investors in unsuitable investments.
Goodman & Nekvasil, P.A., has filed numerous cases against brokerage firms selling high-risk investments and has recovered more than $400 million dollars on behalf of victimized investors.
We allege in these cases that these investment recommendations were unsuitable for our clients in view of their financial situation, needs and investment objectives.
There is no charge for an evaluation of your case. We handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee.
If you incurred losses on your investment and would like your case evaluated by a securities attorney, please contact us.
Some of the information in this blog post was obtained from FINRA on 10/15/24. If you believe this information was reported incorrectly, please contact our firm: 1-800-500-4442.