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Investor Alleges Behnam Beheshti Failed to Act in His Best Interest

Nov 15, 2022 Regulation Best Interest

Behnam Beheshti (CRD #: 6319551), a broker registered with Merrill Lynch, Pierce, Fenner & Smith, allegedly failed to act in a client’s best interest, according to his BrokerCheck record, accessed on November 5, 2022. Read on if you have questions about his conduct as a broker.

Investor Dispute

On September 13, 2022, an investor alleged that Behnam Beheshti failed to act in his best interest in January 2022. This dispute is pending.

Regulation Best Interest

Regulation Best Interest (Reg-BI) is an SEC regulation that requires brokerage firms to put their clients’ best interests before their own. For example, firms must disclose any conflicts of interest they have in transactions they recommend, and conduct due diligence when researching investments.

FINRA Rule 2010

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

Background Information

Behnam Beheshti has passed the following exams:

  • Series 66 – Uniform Combined State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 – General Securities Representative Examination

Behnam Beheshti is a registered broker in all 50 states, the District of Columbia, Puerto Rico, and the Virgin Islands. He is also a registered investment adviser in California and Texas.

He has also worked for Morgan Stanley (CRD#:149777).

Kurta Law Can Help

If you worked with Behnam Beheshti 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 and 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.