Haselkorn & Thibaut has opened a national investigation into the practices of Amit Jonathan Urban, a registered investment advisor and broker with Concorde Investment Services, LLC, located in Ann Arbor, MI. With a dedicated commitment to protecting and informing investors, Haselkorn & Thibaut encourages those with concerns about their investments managed by Mr. Urban to take advantage of a free, confidential consultation by calling 1-888-885-7162.
Who Is Amit Jonathan Urban (Ann Arbor, MI)?
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Amit J. Urban | CRD# 6855682, serves as a financial advisor and registered representative with Concorde Investment Services, LLC (CRD# 151604) at their Ann Arbor, Michigan office. Since September 2019, Amit Urban has been managing investments for retail and high net worth clients, specializing in direct participation programs (DPPs) and private securities offerings. His previous employment history includes:
- LightPath Capital, Inc. (San Jose, CA) — December 2017 to September 2019
- Emerson Equity LLC (San Mateo, CA) — September 2017 to November 2017
Beyond his broker-dealer roles, Mr. Urban is also affiliated with Magnify Real Estate Brokerage and Fortitude Investment Group.
Current Regulatory Status and Disclosures
| Status | Details |
|---|---|
| Registration | Active FINRA-registered representative with Concorde Investment Services since September 2019 |
| FINRA BrokerCheck | No customer-initiated complaints or regulatory actions reported in BrokerCheck as of mid-2024. |
| SEC/EDGAR | No enforcement actions or administrative orders relating to Mr. Urban. |
| Litigation (PACER, State Courts) | No lawsuits or judgments naming Amit J. Urban as a defendant in public court records. |
| News and Press | No major news reports indicating regulatory investigations or enforcement against Mr. Urban. |
Recent Customer Dispute and Investigation
In a recent development, a pending customer arbitration has been filed by a client of Concorde Investment Services concerning Amit Jonathan Urban’s handling of alternative investments. This claim alleges:
- Recommendation of an unsuitable direct investment (DPP & LP interests)
- Failure to conduct adequate due diligence on the investment
- Misrepresentations and omissions regarding the risks involved
The client is seeking damages of $475,000. These allegations, if proven, could potentially violate both FINRA Rule 2111 (Suitability) and SEC Regulation Best Interest (Reg BI, Exchange Act Rule 15l-1), emphasizing the advisor’s legal obligation to act in the client’s best interest and recommend suitable investments.
Recognizing Red Flags & Common Complaints
Although Mr. Urban has no documented disciplinary history or regulatory issues as of mid-2024, the nature of the pending arbitration reveals several important warning signs for investors:
- Suitability Concerns: Recommending investments that do not align with a client’s financial goals, experience, or risk tolerance may indicate poor suitability practices.
- Lack of Due Diligence: Advisors must perform thorough research into a product’s risks and characteristics before recommending it. Omissions or failures here can be a major red flag.
- Misrepresentation or Omission of Material Facts: Not fully disclosing risks, fees, or other essential facts may result in significant financial losses to the investor.
- Complex and Illiquid Investments: Alternative assets such as DPPs, limited partnerships, or real estate trusts are often riskier, less liquid, and more complicated than traditional securities, requiring extra scrutiny.
If you believe your advisor may have recommended unsuitable investments, failed to disclose risks, or acted contrary to your interests, it’s essential to consult with an experienced investment fraud attorney. Most investors do not realize they may be eligible to recover their losses through the FINRA arbitration process – and acting quickly can be crucial.
Haselkorn & Thibaut Can Help You Recover Investment Losses
- Over 50 years of combined experience exclusively in investment loss recovery
- 98% success rate
- Millions recovered for clients nationwide
- No recovery, no fee – you owe nothing unless we win for you
Our team meticulously reviews each case, giving you honest feedback on your options and what steps to take next. We understand the complexity and stress that comes with investment loss, and we are committed to serving as your advocate during every aspect of the process.
What You Should Do Next
- Review your investment statements for alternative investments or illiquid assets you did not fully understand or authorize.
- Document any conversations, emails, or records regarding recommendations made by Amit Jonathan Urban or any advisor at Concorde Investment Services.
- Contact Haselkorn & Thibaut at 1-888-885-7162 for a free, confidential review of your potential claim.
Time limits apply. If you have experienced financial losses in accounts handled by Amit Jonathan Urban or have lingering doubts about your portfolio’s management, don’t wait.
Why Investors Choose Haselkorn & Thibaut
- Nationally recognized investment fraud law firm
- No recovery, no fee
- Free, no-obligation case evaluation
- Personalized, compassionate service focused on your recovery
Your road to potential recovery starts with one phone call. Haselkorn & Thibaut is ready to help – contact us today at 1-888-885-7162 to discuss your situation in confidence. Don’t allow uncertainty or a lack of information to jeopardize your financial future.
