The financial world has undeniably experienced its fair share of scandals, and every so often, a new case surfaces causing ripples across the industry. The focal point of one such recent allegation is Talin Kalaydjian, a financial advisor operating out of Westlake Village, California. As stated in a recent investor complaint and detailed in the Financial Industry Regulatory Authority (FINRA) records, Kalaydjian, who holds a CRD# 6674529, has purportedly misrepresented an investment.
An Overview of the Allegation
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According to the information detailed in the BrokerCheck report, the story unfolds as follows:
Kalaydjian, acting as a broker and an investment advisor with the esteemed firm Western International Securities, faces a single investor complaint filed in August 2023.
The scenario that triggered the complaint revolves around a corporate bond product that was sold in 2020. The investor alleges that Kalaydjian misrepresented critical aspects of this product.
The complaint, still in pending status, alludes to potential damages between $50,000 and $100,000.
Misrepresentation Under FINRA’s Rules
To help you understand the gravity of the situation, a brief on misrepresentation might be useful.
Misrepresentation refers to a broker providing misleading or manipulated information about recommended products and is strictly prohibited under FINRA rules.
FINRA Rule 2020 distinctly asserts that brokers must not indulge in manipulative, deceptive, or fraudulent means for effecting transactions, including purchases or sales.
In dissonance with FINRA Rule 2111, a broker making such misrepresentations may induce clients into purchasing unsuitable products, resulting in potential losses.
Brokers or representatives involved in misrepresentation or recommending unsuitable investments may be held liable for the associated damages.
Background of Talin Kalaydjian
A review of the Financial Industry Regulatory Authority records sheds light on Kalaydjian’s industry resume:
– Kalaydjian boasts a five-year tenure in the securities industry, operating out of Westlake Village, California,.
– Serving as a broker and investment advisor with Western International Securities since 2019.
– Prior registration was held with VFG Securities in Culver City, California from 2016 until 2017.
– A showcase of her proficiency includes successful clearance of three securities industry qualifying examinations: Series 7, SIE, and Series 66.
– Holds valid licenses to operate in both California and Texas. (Note: This information is accurate as of October 3, 2023)
A Helping Hand with Haselkorn & Thibaut
Should you find yourself in a situation of investment losses, know that you’re not alone. Haselkorn & Thibaut is a reputed law firm that specializes in offering a credible legal pathway to investors across the United States filing claims against financial advisors and investment firms. Their commitment to protecting their client’s financial welfare is commendable.
If you or someone in your acquaintance has suffered investment losses, please reach out at 1-800-856-3352, or fill out our contact form for a free and confidential consultation. Remember, it’s essential to scrutinize every detail and choose wisely as it’s your hard-earned money at stake.
