Abida Khan, aka Sheik Firdosh Kahn a registered representative from Pasadena, California, formerly with Ameritas Investment Corporation and Pruco Securities was barred from FINRA membership as a result of SEC proceedings into her role in brokering transactions in VGTL. According to the SEC, Khan received bribes from the seller of VGTL shares in order to persuade her clients to participate in the transactions. On March 22, 2017 a jury found Khan guilty of engaging in manipulative and deceptive conduct pertaining to the VGTL transactions. As a result, Khan was barred from the securities industry.
Abida Khan’s registration and disciplinary history
In order to lawfully sell investments to the public, one must either be registered or exempt from registration.
Abida Khan had been registered with:
Ameritas Investment Corporation from May , 2002 – December, 2013
Pruco Securities from February, 1994 to June, 2002
According to FINRA’s CRD disclosure report, Abida Khan has been the subject of one customer complaint and two regulatory investigation.
FINRA is the primary regulator for broker dealers and registered representatives in the United States. FINRA’s role is to promulgate standards and practices for the brokerage industry and to ensure compliance with its rules by licensed entities and individuals.
FINRA has two primary means to ensure compliance with the securities laws; by means of an enforcement unit that investigates and disciplines wrongdoing, and through the establishment of an arbitration forum where investors can resolve disputes against broker dealers. FINRA’s arbitration forum, FINRA Dispute Resolution Inc. is the largest arbitration forum in the country for resolving investor disputes, and typically processes over 10,000 filings annually.
The Law Office of David Liebrader practices exclusively in the field of investment loss recovery. For the past 24 years, we have dedicated our law practice to assisting investors who have been victims of investment fraud via fraudulent and unsuitable investment transactions. During that time we have recovered money for over one thousand individuals, pension plans, trusts and companies. The recoveries we have obtained via judgments, awards and settlements on behalf of our clients exceed $40,000,000.
If you suspect that you have been the victim of investment fraud, or had a financial advisor recommend unsuitable investments to you, call us today for a free, confidential consultation at (702) 380-3131.