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Investors Seek $1 Million in Damages in Civil Suit with Ashish Chowdhry

Ashish Chowdhry (CRD #: 3249567), a broker registered with MML Investors Services, has been named in a pending civil suit, according to his BrokerCheck record, accessed on November 19, 2024. Read on to learn more about his alleged conduct as a broker.

Investor Civil Suit

In a pending civil suit filed on October 2, 2024, multiple investors named Ashish Chowdhry in allegations that he and MML Investors Services induced them to purchase life insurance policies with death benefits in excess of $17 million. The investors further alleged that they did this by misrepresenting these policies’ risks, benefits, and premium financing.

Additionally, the investors alleged that this scheme involved opening an investment portfolio account to serve as collateral for premium financing, resulting in financial harm.

The clients seek $1 million in damages.

FINRA Rule 2020

FINRA Rule 2020 prohibits the use of deceptive, manipulative, and otherwise fraudulent methods to influence investors’ decisions. The misrepresentation or omission of material facts violates this rule.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.

Background Information

Ashish Chowdhry has passed the following exams:

  • Series 63 – Uniform Securities Agent State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 6 – Investment Company Products/Variable Contracts Representative Examination

Ashish Chowdhry is a registered broker in 23 states and a registered investment adviser in New Jersey, New York, and Texas.

Kurta Law Can Help

If you worked with Ashish Chowdhry and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf. 

 

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