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Girish Navare Allegedly Breached His Fiduciary Duty

Girish Navare (CRD #: 5901641), a broker registered with Kestra Investment Services, is the subject of an investor dispute. This dispute appears on his BrokerCheck record, accessed on September 18, 2023. Keep reading if you have questions. 

On July 28, 2023, an investor alleged that Girish Navare breached his fiduciary duty. They further alleged he was negligent regarding the management of individual positions and the overall investment strategy. The investor is seeking $100,000. 

Negligence

Many types of broker misconduct may qualify as negligence. Typical examples include unsuitable investment recommendations, misrepresentations or omissions of material fact, and failure to follow instructions.

Investors who believe their losses are the result of broker negligence may be able to recover their funds through FINRA arbitration.

Fiduciary Duties

Brokers are often dually registered as Registered Investment Advisers (RIAs) with the SEC, and RIAs are fiduciaries. Fiduciaries are required to act in their clients’ best interests. Brokers are not fiduciaries but must abide by FINRA Rule 2111 and Regulation Best Interest. (To learn more about the differences between brokers and Registered Investment Advisers, click here.) 

Background Information 

Girish Navare has passed the following exams: 

  • Series 66 Uniform Combined State Law Examination 
  • Series 63 Uniform Securities Agent State Law Examination 
  • SIE – Securities Industry Essentials Examination 
  • Series 7 General Securities Representative Examination 
  • Series 6 Investment Company Products/ Variable Contracts Representative Examination 

He is a registered broker in 20 states and is a registered investment adviser in Florida and Texas. 

Girish Navare has registered with the following firms: 

  • Kestra Investment Services (CRD #: 42046) 
  • Kestra Private Wealth Services (CRD #: 155193) 
  • Merrill Lynch, Pierce, Fenner & Smith (CRD #: 7691) 
  • Morgan Stanley (CRD #: 149777) 
  • Pruco Securities (CRD #: 5685) 

Kurta Law Can Help

If you worked with Girish Navare and 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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