Ankur Bhatia of Lake Forest Illinois a stockbroker formerly employed by Fifth Third Securities Inc. is the subject of a customer initiated investment civil action filed in the United States District Court for Northern Illinois where the customer sought $50,000.00 in damages based upon allegations that unauthorized trades were effected in the customer’s account and misrepresentations had been made to the customer concerning mutual fund and insurance investments. Civil Action No. 1:14-cv-07744 (Oct. 26, 2017).
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Bhatia has been identified in two additional customer initiated investment related disputes containing accusations of Bhatia’s violative conduct during the time that he was employed by Fifth Third Securities, Inc. In particular, on January 29, 2009, a customer filed an investment related complaint concerning Bhatia’s conduct in which the customer requested $7,716.27 in damages based upon allegations that the customer’s mutual fund purchase had been misrepresented by Bhatia.
Additionally, on May 23, 2016, a customer filed an investment related complaint regarding Bhatia’s conduct where the customer sought $77,164.39 in damages founded on accusations of suitability pertaining to mutual fund investment transactions executed in the customer’s account.
Bhatia’s registration with Fifth Third Securities, Inc. was terminated as of February 16, 2016.
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