Securities Fraud Lawyer Blog
The securities attorneys at The Law Office of David Liebrader have opened an investigation into the securities related conduct of Gopi Vungarala, a FINRA registered representative with Purshe Kaplan Sterling Investments in Midland, Michigan
Gopi Vungarala has been FINRA licensed to sell securities for eleven years, and spent the last eight years with Purshe Kaplan in Midland, MI, where he is approved to sell securities in Michigan and Texas. Prior to joining Purshe Kaplan, Vungarala was registered with American General Securities from 2004- 2007.
FINRA maintains a database that the public can access to check the credentials of their financial advisors. The website, also known as broker check contains a listing for Gopi Vungarala, who is presently the subject of a FINRA investigation. FINRA contends that Vungarala failed to disclose $11,000,000 in commissions that were charged to his client, an American Indian tribe. The commissions were generated off of investments in real estate investment trusts and business development companies that Vungarala sold to the tribe.
In its complaint, FINRA also claims that the tribe was overcharged three million dollars in commissions as a result of the failure to offer them volume discounts on their $190,000,000 investment.
If you are the victim of investment fraud, or if you have invested in REITS or BDCs and lost money investing with Gopi Vungarala of Purshe Kaplan Sterling, please call The Law Office of David Liebrader at (702) 380-3131 for a free, confidential consultation to discuss your legal rights and options. Our firm takes cases on a straight contingency fee, with no money up front, and no money owed unless there is a recovery.
There is no charge for the initial consultation, so call (702) 380-3131 today to speak with an experienced securities attorney who will fight to recover your losses.
The Law Office of David Liebrader practices exclusively in the field of investment loss recovery. For the past 23 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.