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Investor Alleges Deepak Shah Misrepresented Investment

Deepak Shah (CRD #: 2503014), a broker registered with PFS Investments, was the subject of a recent dispute, according to his BrokerCheck record, accessed on August 20, 2022. Read on to learn more about Deepak Shah’s conduct as a broker.

Investor Dispute

In a dispute filed on May 9, 2022, an investor alleged that Deepak Shah misrepresented the features of an investment product. This dispute was denied by the firm.

However, investors should know that firms can deny disputes without an external review, and they may be able to recover their losses by seeking out FINRA arbitration after a denial.

FINRA Rule 2020

Misrepresenting investments violates FINRA Rule 2020, which bans the use of deceptive, manipulative, and otherwise fraudulent means of influencing investors’ decisions.

Background Information

Deepak Shah 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
  • Series 26 – Investment Company Products/Variable Contracts Principal Examination

Deepak Shah is a registered broker in 18 states.

Kurta Law Can Help

If you worked with Deepak Shah 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. 

 

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