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Mohsin Jamil Allegedly Failed to Inform Investor of Tax Consequences

Securities Lawyer Jonathan Kurta
By: Jonathan Kurta Author
December 5, 2022 at 8:57pm

Mohsin Jamil (CRD #: 6468502), a broker formerly registered with Pruco Securities, allegedly failed to fully inform a client, according to his BrokerCheck record, accessed on November 28, 2022. Read on if you have questions about his conduct as a broker.

Investor Dispute

On October 13, 2022, an investor alleged that Mohsin Jamil failed to disclose certain tax consequences. This dispute is currently pending.

FINRA Rule 2020

The omission of information related to investments violates FINRA Rule 2020, which prohibits the use of deception, manipulation, and other unethical methods to influence investors’ decisions. FINRA Rule 2020 also prohibits the omission of material information, including tax consequences. 

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Failing to disclose a tax consequence could be a violation of FINRA Rule 2010. 

Background Information

Mohsin Jamil 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

He has also worked for Pruco Securities (CRD#:5685).

Kurta Law Can Help

If you worked with Mohsin Jamil 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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