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Farrukh Kazmi Allegedly Misrepresented an Investment’s Interest Rate

Farrukh Kazmi (CRD #: 2855915), a broker registered with Berthel, Fisher, & Company Financial Services, is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on May 14, 2024. Keep reading if you have questions regarding his alleged conduct. 

Investor Allegations 

On April 8, 2024, an investor alleged that misrepresented an investment interest rate. The investor further alleges that Berthel, Fisher & Company Financial Services failed to supervise. The investor is seeking $230,000.

Similar allegations dated July 24, 2020, alleged that Farrukh Kazmi misrepresented unsuitable investments. The dispute settled for $130,000. 

Misrepresentation 

FINRA Rule 2020 forbids the use of deceptive, manipulative, and otherwise fraudulent methods to influence the purchase and sale of securities. The misrepresentation or omission of material facts violates this rule.

Failure to Supervise 3110

FINRA Rule 3110 requires that firms establish systems of supervision to maintain their compliance with securities regulations. This includes appointing supervisors and providing them with Written Supervisory Procedures (WSPs).

Background Information 

Farrukh Kazmi has passed the following exams: 

  • Series 65 Uniform Investment Adviser Law Examination 
  • Series 63 Uniform Securities Agent State Law Examination 
  • Series 7TO General Securities Representative Examination
  • SIE – Securities Industry Essentials Examination 
  • Series 31 Futures Managed Funds Examination 
  • Series 7 General Securities Representative Examination 

He is a registered broker in six states and is a registered investment adviser in New Jersey. 

Farrukh Kazmi has registered with the following firms: 

  • Berthel, Fisher & Company Financial Services (CRD #: 13609) 
  • Bright Trading (CRD #: 34702) 
  • Sterne Agee Financial Services (CRD #: 18456) 
  • Cantella & Co. (CRD #: 13905) 
  • Raymond James Financial Services (CRD #: 6694) 
  • Dean Witter Reynolds (CRD #: 7556) 

Kurta Law Can Help 

If you have worked with Farrukh Kazmi and 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.

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