Sam Bhushan (CRD #4884717) Has Customer Dispute Disclosures on FINRA BrokerCheck

Sam Bhushan (CRD #4884717) was previously registered as a broker and has customer dispute disclosures on FINRA BrokerCheck. We reviewed his BrokerCheck report on April 10, 2026. It reflects eight customer dispute disclosures. If you invested with Sam Bhushan and have concerns, keep reading.

BrokerCheck link: BrokerCheck

BrokerCheck report: BrokerCheck Report (PDF)

Investor Disputes / Customer Complaints

Sam Bhushan’s FINRA BrokerCheck report reflects eight customer dispute disclosures. Because this category contains more than two matters, two examples are summarized below. Six additional customer dispute disclosures remain listed on BrokerCheck.

On March 3, 2026, Sam Bhushan’s FINRA BrokerCheck report states that a customer dispute was reported as pending. The customer complained about a Reg D private placement and asserted fraud, misrepresentation, omissions of material facts, unsuitable recommendations, breach of contract, and breach of fiduciary duty. BrokerCheck lists alleged damages of $650,000 and identifies the product as a real estate security.

On March 12, 2026, Sam Bhushan’s FINRA BrokerCheck report states that another customer dispute was reported as pending arbitration. The complaint involved a Reg D private placement and asserted fraud, misrepresentation, omissions of material facts, unsuitable recommendations, breach of contract, and breach of fiduciary duty. BrokerCheck lists alleged damages of $205,000 and identifies the product as a real estate security.

Rule Summary #1: FINRA Rule 2111 (Suitability)

FINRA Rule 2111 requires a reasonable basis for a recommendation. It also requires a broker to consider the customer’s investment profile before recommending a security or strategy.

Rule Summary #2: FINRA Rule 2010 (Standards of Commercial Honor and Principles of Trade)

FINRA Rule 2010 requires brokers and firms to observe high standards of commercial honor and just and equitable principles of trade. Customer disputes that allege misleading sales conduct or omissions often raise issues under this rule.

Why This Matters to Investors (Regulation Best Interest)

Regulation Best Interest (Reg BI) is a U.S. securities regulation. It strengthens the standard of conduct that broker-dealers owe to retail investors. It applies when they recommend securities transactions or investment strategies. The U.S. Securities and Exchange Commission adopted Reg BI. It became effective on June 30, 2020. Reg BI aims to protect investors while preserving access to brokerage products and services.

Reg BI requires broker-dealers and financial advisors to act in a retail customer’s best interest at the time of a recommendation. They must not place their own financial or other interests ahead of the customer’s. This standard is higher than the older “suitability” rule. Suitability meant a recommendation only had to be appropriate. It did not have to be the best option or free of conflicts.

Reg BI has four key obligations:

Disclosure Obligation – Broker-dealers must disclose material facts about the relationship and the recommendation. This includes fees, the scope of services, and conflicts of interest.

Care Obligation – Broker-dealers must use reasonable diligence, care, and skill. They must consider costs, risks, and alternatives when making a recommendation.

Conflict of Interest Obligation – Firms must identify conflicts of interest. They must disclose them and mitigate or eliminate them. This includes conflicts that create incentives to favor one product over another.

Compliance Obligation – Firms must maintain policies and procedures. Those policies should be designed to ensure compliance with Reg BI as a whole.

Reg BI applies to each recommendation. It is not a continuous duty like the fiduciary standard for registered investment advisers. Even so, it narrows the gap. It puts more focus on costs, conflicts, and investor-focused decision-making.

Overall, Regulation Best Interest promotes transparency. It also aims to improve the quality of investment recommendations. It is designed to reinforce trust between retail investors and broker-dealers in the U.S. securities markets.

Background Information (from BrokerCheck)

Based on his FINRA BrokerCheck report, Sam Bhushan:

Is not currently registered.

Has passed the Securities Industry Essentials (SIE) exam. Sam Bhushan has also passed Series 7, Series 62, Series 22, and Series 63.

Was previously registered with firms that include Cabin Securities, Inc. and Arete Wealth Management, LLC.

Kurta Law Can Help

If you have worked with Sam Bhushan and you have concerns about his activity, Kurta Law may be able to help you evaluate your legal options. A securities attorney can help you assess potential causes of action and determine whether your losses may be recoverable through FINRA arbitration or other avenues. To speak with Kurta Law, call 877-600-0098 or email info@kurtalawfirm.com.

Helpful resources: Securities Attorney | What Is Securities Fraud

For nearly 20 years, Kurta Law has advocated for investors and helped hold financial professionals accountable. Our firm represents clients nationwide in securities arbitration and related disputes. If you believe a broker or firm mishandled your account, an attorney can review the facts and explain possible next steps.