Ghalib Abdulla Kanji of Woodland Hills California a stockbroker formerly employed by Wells Fargo Advisors LLC is the subject of a customer initiated investment related arbitration claim which was resolved for $2,000,000.00 in damages founded on allegations that (1) investment recommendations made to the customer were not suitable and (2) misrepresentations had been made to the customer concerning the terms and conditions of investments Kanji advised the customer to purchase. Financial Industry Regulatory Authority (FINRA) Arbitration No. 16-01402 (May 2, 2018).
FINRA Public Disclosure confirms that Kanji is referenced in two more customer initiated investment related disputes pertaining to accusations of his violative conduct during the time that he was associated with Wells Fargo Advisors LLC. Particularly, on May 20, 2011, a customer filed an investment related complaint regarding Kanji’s activities where the customer sought more than $5,000.00 in estimated damages based upon allegations that unauthorized trades were effected in the customer’s account.
Then, on July 11, 2017, a customer initiated investment related complaint involving Kanji’s conduct was settled for $225,000.00 in damages supported by accusations that inappropriate direct investments were purchased for the customer; and transactions were placed in the customer’s investment account without the customers permission.
Kanjis registration with Wells Fargo Advisors LLC has been terminated as of December 17, 2015. Since December 14, 2015, Kanji has been registered with Morgan Stanley.
