Securities Arbitration Investment Fraud Lawyers » Investment and Regulatory News » Arive Capital Markets Settles FINRA Arbitration Claim Alleging Churning

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Mirsad A. Muharemovic (also known as Mirso Muharemovic), of Staten Island, New York, a stockbroker registered with Arive Capital Markets, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $115,000.00 in damages based upon allegations that Muharemovic churned the customer’s account, engaged in excessive trading, and made unsuitable recommendations of stocks when Muharemovic was associated with Arive Capital Markets. Financial Industry Regulatory Authority (FINRA) Arbitration No. 19-02196 (May 21, 2021).

FINRA Public Disclosure shows that Muharemovic is referenced in two other customer initiated investment related disputes concerning Muharemovic’s conduct while associated with securities broker dealers. On September 24, 2002, a NASD securities arbitration claim involving Muharemovic’s conduct resulted in the customer being awarded $35,000.00 in compensatory damages because Muharemovic and Seaboard Securities Inc. were held liable on the customer’s claims which included that Muharemovic made misrepresentations of material fact, made omissions of material fact, engaged in excessive trading, failed to diversify investments, committed fraud, was negligent, breached a contract, and breached his fiduciary duties. NASD Arbitration No. 01-02905.

On October 23, 2020, a FINRA securities arbitration claim involving Muharemovic’s conduct was settled for $72,500.00 in damages based upon allegations that Muharemovic made unsuitable recommendations of stocks when Muharemovic was associated with Arive Capital Markets. FINRA Arbitration No. 18-02443.

Muharemovic was associated with Cape Securities Inc. in Coram, NY, as a stockbroker from June of 2014 to June of 2016. He was associated with Arive Capital Markets in Staten Island, NY, as a stockbroker from June 9, 2016, to November 2022.