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Sid Nanda Allegedly Made Poor Recommendations to a Client

Sid Nanda (CRD #: 4249397), a previously registered broker with Truist Investment Services, is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on May 29, 2024. Keep reading if you have questions regarding his alleged conduct. 

Investor Allegations 

On March 11, 2024, an investor alleged that Sid Nanda made poor recommendations to a client, resulting in a negative financial impact. 

FINRA Rule 2111 – Unsuitable Investments 

FINRA Rule 2111 defines suitable investments as securities that fit an investor’s profile. Investor profiles have information on the investor’s age, risk tolerance, tax status, investing experience, and financial goals. Investments that do not take these factors into account may be unsuitable. 

High Standards of Commercial Honor 

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Violations of FINRA Rule 2111 also violate this rule. 

Background Information 

Sid Nanda has passed the following exams: 

  • Series 66 – Uniform Combined State Law Examination 
  • SIE – Securities Industry Essentials Examination 
  • Series 7 General Securities Representative Examination 

During his 22 years of experience, Sid Nanda has registered with three firms: 

  • Truist Investment Services (CRD #: 17499) 
  • Capital One Investment Services (CRD #: 25658) 
  • Chevy Chase Financial Services (CRD #: 14894) 

Kurta Law Can Help 

If you have worked with Sid Nanda 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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