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Investors Allege Unjust Enrichment in Dispute with Sonny Thapar

Oct 31, 2022 Negligence

Sonny Thapar (CRD #: 2699306), a broker registered with TFS Securities, allegedly committed several violations, according to his BrokerCheck record, accessed on October 16, 2022. Investors may have also engaged his services through TFS Advisory Services. Read on if you have questions about her conduct as a broker.

Investor Disputes

In a dispute filed on August 16, 2022, investors alleged that Sonny Thapar engaged in unjust enrichment, breach of contract, and negligence. This dispute is pending.

On July 5, 2022, an investor alleged that Sonny Thapar made an unsuitable and misleading recommendation. The client seeks $125,000 in this pending dispute.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to take into account investors’ financial goals when recommending investments. Brokers must consider the investor’s profile, which includes information about their risk tolerance, tax status, and overall financial situation.

Investors who feel their losses were caused by unsuitable investment recommendations may be able to recover their funds by pursuing FINRA arbitration.

What is broker negligence?

Brokers may act in many negligent ways. Common forms of negligence include unauthorized trading, recommending unsuitable investments, and making misrepresentations. Investors who lose money through broker negligence can seek out FINRA arbitration and potentially recoup their losses.

Termination from Questar Capital Corporation

On November 11, 2016, Sonny Thapar was fired from Questar Capital Corporation after allegedly altering a client account document after it had been signed by the client.

Background Information

Sonny Thapar has passed the following exams:

  • Series 65 – Uniform Investment Adviser 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

Sonny Thapar is a registered broker in eight states and a registered investment adviser in seven states.

He has also worked for the following firms:

  • Questar Asset Management (CRD#:133358)
  • Questar Capital Corporation (CRD#:43100)
  • Hornor, Townsend & Kent (CRD#:4031)
  • AXA Advisors (CRD#:6627)
  • The Equitable Life Assurance Society of the United States (CRD#:4039)

Kurta Law Can Help

If you worked with Sonny Thapar and you have concerns about your investments, please contact us today at 877-600-0098 or 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.