Vitthal Patel – Financial Advisor/Broker Vitthal Patel Suspended from Securities Industry | Goodman & Nekvasil P.A., May Recover Investor Losses
Vitthal Patel CRD #1775477
Vitthal Patel was a formerly licensed financial advisor with PFS Investments, Inc. FINRA reports that Vitthal Patel was fined $5,000 and suspended from the securities industry for six months in August 2019.
According to FINRA Allegations:
Vitthal Patel consented to the sanctions and to the entry of findings that Vitthal Patel forged electronic signatures of customers on new managed account documents by forging the customer’s name electronically on the forms and electronically signing applications in place of the customer. The findings stated that one customer did not consent to the change. In addition, Vitthal Patel forged handwritten signatures of customers on other account-related documents, including a change of address form and a 529-college savings plan transfer form, and beneficiary change forms by cutting and pasting photocopied customer signatures. The member firm required Vitthal Patel to obtain original customer signatures in order to confirm that the customer provided written permission and authority for the change. Vitthal Patel submitted the forged documents to the firm for processing as if he had obtained the actual signatures from the customers. Vitthal Patel’s conduct impacted customers of his firm.
If you lost any money on investments with Vitthal Patel, you may be able to recover your losses. If you lost money on investments with Vitthal Patel and believe that 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 Vitthal Patel’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.
Goodman & Nekvasil, P.A. has recovered more than $180 million on behalf of victimized investors. If you lost money on investments with Vitthal Patel 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.
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