Eli Ajashvili Allegedly Engaged in Negligence

Eli Ajiashvili (CRD #: 5182981), a previously registered broker with CreativeOne Securities, is the subject of an investor dispute. This disclosure appears on his BrokerCheck record, accessed on September 9, 2024. Keep reading if you have questions concerning his alleged conduct. 

Investor Allegations 

On June 3, 2024, an investor alleged that Eli Ajashvili engaged in negligence and recommended an unsuitable investment. The investor further alleged a lost investment opportunity. 

The investor is seeking $253,475.72. 

What is an Unsuitable Investment? 

FINRA Rule 2111, a.k.a. The Suitability Rule, requires brokers to tailor their investment recommendations to suit investors’ needs. 

Rule 2111 also requires brokers to consider the following investor characteristics: 

• Age
• Risk tolerance
• Time horizon (i.e., how long the investor plans to hold the investment)
• Investing experience
• Tax status
• Financial goals

Investments that do not fit the criteria established by the investor profile may be unsuitable. Investors who rely on brokers for recommendations may recover their losses by pursuing FINRA arbitration.

Background Information 

Eli Ajashvili has passed the following exams: 

• Series 65 Uniform Investment Adviser Law Examination 
• Series 63 Uniform Securities Agent State Law Examination 
• SIE – Securities Industry Essentials Examination 
• Series 7 General Securities Representative Examination

During his 17 years of experience, he has registered with four firms: 

• CreativeOne Securities (CRD #: 152974) 
• Alliance Global Partners (CRD #: 8361) 
• Aegis Capital Corp. (CRD #: 15007) 
• Garden State Securities (CRD #: 10083) 

Kurta Law Can Help 

If you worked with Eli Ajashvili and you have concerns about your investments, do not hesitate to contact us at 877-600-0098 or email info@kurtalawfirm.com for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors 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. Do not let securities fraud go unchecked. Start your recovery process today.