Pratul Victor Agnihotri (also known as Pratol Agnihotri), of New York, New York, a stockbroker formerly registered with Spartan Capital Securities LLC and Spartan Capital Management LLC, is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer sought $83,086.81 in damages based upon accusations that between 2013 and 2021, their account had been churned, and Spartan Capital failed to supervise Agnihotri’s activities relating to private placement and stock transactions. Financial Industry Regulatory Authority (FINRA) Arbitration No. 21-02950 (December 10, 2021). According to the claim, unauthorized and unsuitable transactions were made by Agnihotri. The claim also alleges that Agnihotri misrepresented information relating to the customer’s account.
Agnihotri has been identified in two additional customer initiated investment related disputes regarding allegations of his wrongdoing while employed by Aegis Capital Corp and JP Turner Co. LLC. FINRA Public Disclosure shows that a customer initiated investment related civil action concerning Agnihotri’s activities was settled for $7,300.00 in damages founded on accusations of unauthorized trading involving over-the-counter equities by Agnihotri while he was associated with JP Turner Co.
Another customer initiated investment related civil action regarding Agnihotri’s conduct was settled to resolve allegations of unauthorized trading and excessive commissions on over-the-counter equities by the stockbroker at Aegis Capital Corp.
FINRA Public Disclosure also shows that Agnihotri has been fined $7,500.00 and suspended for twelve months from associating with any FINRA member in any capacity supported by findings that Agnihotri engaged in an undisclosed outside business activity while at Aegis Capital Corp, and used a Spartan customer’s funds improperly concerning that outside business activity. Letter of Acceptance, Waiver, and Consent No. 2019061440201 (October 14, 2020). Agnihotri violated FINRA Rules 2010, 2150, and 3270.
Agnihotri was registered with Aegis Capital Corp between February 19, 2010, and October 20, 2017, Spartan Capital Securities between October 26, 2017, and January 30, 2019, and SW Financial between July 11, 2019, and October 30, 2020.
