Mirsad A. Muharemovic of Coram New York a stockbroker currently employed by Arive Capital Markets is referenced in a customer initiated investment related arbitration claim which was settled for $1,000,000.00 in damages founded on allegations that stock transactions executed in the customer’s account were not suitable for the customer given the customer’s objectives for investing. Financial Industry Regulatory Authority (FINRA) Arbitration No. 18-02443 (July 16, 2018).
FINRA Public Disclosure additionally confirms that Muharemovic is subject of a customer initiated investment related arbitration claim in which the customer was awarded $35,000.00 in damages based on Muharemovic having been found jointly liable on the customer’s claims that transactions were excessively effected on margin; misrepresentations were made to the customer concerning over-the-counter equities; high pressure and unwarranted sales tactics had been utilized by Muharemovic with the customer; fiduciary and contractual obligations owed to the customer were breached; the customer had been defrauded; and the firm’s and Muharemovic’s conduct was violative of New York and New Jersey common laws, New Jersey Consumer Protection Act, New Jersey Securities Act, Securities Exchange Act of 1934, New York Stock Exchange (NYSE) rules, and National Association of Securities Dealers (NASD) rules. NASD Arbitration No. 01-02905 (Sept. 24, 2002).
Muharemovic has been registered with Arive Capital Markets since June 9, 2016.
