Abdul Matin Rahmani (also known as Abdul Rahmani) of Melville New York a stockbroker formerly registered with SW Financial is the subject of an August 5, 2020 FINRA investigation in which he may face a disciplinary action from FINRA Department of Enforcement based upon accusations of him engaging in undisclosed outside business activities and failing to be forthcoming in a FINRA investigation. Case No. 20190636267.
FINRA Public Disclosure indicates that Rahmani is being investigated for engaging in outside business activities while associated with SW Financial in violation of FINRA Rules 2010 and 3270. The regulator also indicated that Rahmani turned over misleading information and documents in response to its requests. The stockbroker allegedly provided misleading or false information when testifying about his activities too. FINRA also indicated that Rahmani hindered its investigation by failing to provide information or documents and also by failing to testify in violation of FINRA Rules 8210 and 2010.
FINRA Public Disclosure reveals that Rahmani has been terminated from employment by at least three securities broker dealers. He was terminated by MetLife founded on allegations that he altered documents and had engaged in forgery among other forms of misconduct that were violative of company policy. MML Investors Services discharged Rahmani supported by accusations that he engaged in an outside business activity that had not been permitted by the securities broker dealer. According to MML Investors Services, Rahmani violated the company’s directives while he was under heightened supervision.
The stockbroker was discharged by SW Financial on December 15, 2017 based upon allegations of his unauthorized outside business activities in violation of FINRA Rules 3270. SW Financial indicated that a branch office was opened by Rahmani without its permission and that the stockbroker and his staff privately corresponded with clients in anticipation of relocating their accounts to another securities broker dealer.
FINRA Public Disclosure confirms that Rahmani is referenced in a customer initiated investment related written complaint where the customer sought $16,000.00 in damages founded on accusations of sales practice violations by the stockbroker during the time that he was associated with MML Investors Services.
Rahmani was employed by Worden Capital Management between December 20, 2017 and May 17, 2018 and had been registered with Joseph Stone Capital LLC between June 1, 2018 and August 17, 2020.
