Within the intricate realm of the Miami finance industry, Viqas Akhtar is certain to raise eyebrows, as his financial credentials are currently under severe scrutiny. A recent allegation against him maintains that he has indulged in excessive trading.
Since Akhtar’s primary professional role is as a financial advisor with B. Riley Wealth Management, these allegations seriously concern his clients, investors, and the finance community.
Akhtar was previously registered with the National Securities Corporation, where the alleged incidents occurred. The Financial Industry Regulatory Authority (FINRA) keeps track of such issues, ensuring the finance industry strictly adheres to transparency and ethics.
Persistent Issues
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Recurrent allegations against Akhtar have surfaced over the years, affecting his professional reputation in the finance field. The most recently recorded investor complaint has been logged in July 2023. The plaintiff alleges that during Akhtar’s tenure at the National Securities Corporation, he made an undue recommendation for an inappropriate investment and engaged in considerable trading. The alleged damages of this pending complaint have not been specified as yet.
Other allegations also shine a light on Akhtar’s tenure at National Securities. One complaint, lodged in 2020, claimed that Akhtar improperly suggested a private placement. This complaint was settled in 2021 for a total of $37,500. A similar claim was made again in 2020 by yet another investor, suggesting the improper recommendation of a private placement investment. The settlement reached was identical to the previous complaint, amounting to $37,500. Every time Akhtar has addressed these allegations, he has maintained his insistence on his innocence.
Mixed Recorded History
Another exciting chapter in Akhtar’s professional journey is the 2019 claim where an investor alleged unauthorized trading. This complaint, too, was settled amicably, and the concerned investor was compensated with a settlement amount of $9,539. Akhtar’s dealings and reputation in the industry are, therefore, layered and complex.
Financial Industry Regulatory Authority records highlight that he brings 13 years of experience to the table, with expertise in the securities industry. Based in Miami, Florida, Akhtar has been constituting his clientele as a broker with B. Riley Wealth Management since July 2022. His professional journey also includes a long stint at the National Securities Corporation (2012-2022) and companies like VFinance Investments (2010-2012) and Rockwell Global Capital (2009). He has passed multiple securities industry qualifying tests, including the SIE, Series 63, and Series 7 exams. Currently, he is licensed to operate in 24 states. (The information here is accurate as of September 25, 2023.)
Seeking Assistance
Financial disputes can be daunting, but appropriate representation protects your rights. If you’ve experienced investment losses and are seeking professional help, the team at Haselkorn & Thibaut is here to assist. With the necessary expertise, they can provide information about claims against financial advisors and investment firms. For a confidential consultation free of cost, please connect with them at 1-800-856-3352 or fill out their contact form.
