Suhail Saleem Khan of Chicago Illinois a stockbroker formerly registered with LPL Financial LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that he failed to provide FINRA with information that was requested of him. Case No. 2017054093201 (Nov. 13, 2017).
FINRA Public Disclosure confirms that Khan had been notified by FINRA on August 8, 2017 that he would be suspended on September 1, 2017, according to FINRA Rule 9552(h). Khan evidently had to provide FINRA with documentation relating to the termination of his suspension by November 12, 2017; however, Khan failed to cooperate. FINRA automatically barred him from the securities industry on November 13, 2017.
FINRA Public Disclosure additionally reveals that a customer filed an investment related arbitration claim concerning Khan’s conduct where the customer requested $775,000.00 in damages founded on accusations that from 2013 to 2017, Khan made unsuitable investment recommendations relating to investments in a hedge fund, real estate investment trust and oil and gas partnership. FINRA Arbitration No. 18-01986 (May 25, 2018).
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