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Pawan Passi Allegedly Made Misrepresentations Related to Block Trading

Pawan Passi (CRD #: 5527731), a broker registered with Morgan Stanley, allegedly made misrepresentations, according to his BrokerCheck record, accessed on June 12, 2022. If you want to know more about Pawan Passi’s conduct as a broker, read on.

Alleged Misrepresentation

On April 22, 2022, multiple investors alleged that Pawan Passi engaged in misrepresentation with respect to block trading in 2021, among other unspecified allegations. This dispute is currently pending.

FINRA Rule 2020

FINRA Rule 2020 bans the use of manipulative, deceptive, and otherwise fraudulent means of influencing investors’ decisions. This includes the misrepresentation or omission of information concerning trading and investment opportunities.

What is Block Trading?

Block trades are large-scale sales of securities. Because the sheer number of securities being traded could significantly influence the price, these trades are negotiated privately and executed by multiple brokers, resulting in transactions of a smaller size and lower impact on the market.

Background Information

Pawan Passi has passed the following exams:

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

Pawan Passi is a registered broker only in New York. 

Kurta Law Can Help

If you worked with Pawan Passi 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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