Tarik Nehmatullah Barred by FINRA
Tarik Nehmatullah (CRD #: 6336491), a broker registered with Key Investment Services, has been barred by FINRA, according to his BrokerCheck record, accessed on July 9, 2022. If you want to know more about Tarik Nehmatullah’s conduct as a broker, read on.
Bar by FINRA
On May 23, 2022, Tarik Nehmatullah consented to the entry of findings that he allegedly refused to provide documents and information requested as part of a FINRA investigation. This investigation allegedly concerns an amended Uniform Termination Notice of Securities Industry Registration (Form U5) filed by Key Investment.
The amended Form U5, filed on September 4, 2021, allegedly disclosed that Tarik Nehmatullah accepted a $55,000 loan from a bank and investment client without notifying Key Investment.
By allegedly refusing to provide information, Tarik Nehmatullah violated FINRA Rules 8210 and 2010.
FINRA Rules 3240, 8210, and 2010
FINRA Rules 3240 defines the conditions under which FINRA members can borrow to or lend from customers. Members may or may not be required to disclose and receive approval for their arrangement from their firm, depending on firm policy.
FINRA Rule 8210 requires members to provide documents, information, and testimony upon request by FINRA.
FINRA Rule 2010 requires brokers to maintain high standards of commercial honor and ethical behavior. Many kinds of misconduct qualify as violations of this rule.
Sanctions
Tarik Nehmatullah was permanently barred from associating with FINRA members in all capacities starting on May 23, 2022.
You can read a copy of the AWC filing here.
Discharge from Wells Fargo Clearing Services
On May 23, 2018, Tarik Nehmatullah was fired by Wells Fargo after allegedly initiating multiple transfers from his personal bank accounts at various financial institutions without sufficient funds for transfers.
Background Information
Tarik Nehmatullah 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 6 – Investment Company Products/Variable Contracts Representative Examination
He has also worked for Key Investment Services (CRD#:136300) and Wells Fargo Clearing Services (CRD#:19616).
Kurta Law Can Help
If you worked with Tarik Nehmatullah 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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