Kumail Abbas (also known as Ken Abbas), of Melville, New York, a stockbroker registered with Laidlaw Company (UK) Ltd., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $181,056.00 in damages based upon allegations that Abbas charged excessive commissions and engaged in excessive and unauthorized trading in stocks and over-the-counter equities when Abbas was registered with Laidlaw Company (UK) Ltd. Financial Industry Regulatory Authority (FINRA) Arbitration No. 22-02347 (October 19, 2022).
This is not the first time that Abbas has been referenced in a customer initiated investment related dispute concerning Abbas’ conduct in the securities industry. FINRA Public Disclosure shows that Abbas is referenced in a customer initiated investment related FINRA securities arbitration claim that was settled to resolve allegations that Abbas engaged in unsuitable trading in stocks and over-the-counter equities. FINRA Arbitration No. 21-03125 (April 1, 2022).
On June 9, 2022, a Laidlaw Company (UK) Ltd. customer filed an investment related FINRA securities arbitration claim involving Abbas’ conduct in which the customer requested $100,000.00 in damages based upon allegations that Abbas made unsuitable recommendations of stocks and over-the-counter equities. FINRA Arbitration No. 22-01201.
Abbas was registered with Laidlaw Company (UK) Ltd. as a stockbroker between August 31, 2016, and May 30, 2019. He has been registered with Network 1 Financial Securities Inc. as a stockbroker since May 3, 2019.
