Meyer Wilson

Recovering Losses Caused By Investment Misconduct

Meyer Wilson Investigating Claims Against Broker Zahir Walji

The securities fraud attorneys at Meyer Wilson are currently investigating claims against broker Zahir Walji (CRD# 5073186).

According to the Financial Industry Regulatory Authority (FINRA), former Oppenheimer & Co., Inc. broker Zahir Walji (CRD# 5073186) has two pending customer disputes against him.

The first dispute, filed on July 31, 2015, alleges that Walji solicited clients to invest in and lend money to two private business ventures in 2012 and 2013. The clients claim that they have not received the return of interest, any dividends, or of principal, and have requested $590,000 in damages.

The second dispute, filed on April 28, 2016, alleges that Walji ignored his customer’s risk profile and investment objectives, purchased unsuitable investments in their accounts, churned the accounts, breached his contract, breached his fiduciary duty, and engaged in a scheme or plan that operated as fraud on the clients between December 1, 2009 and October 31, 2014. The customer has requested $2 million in damages.

Walji was the subject of FINRA regulatory sanctions in 2015, was fined $7,500, and was suspended for three months. Without admitting or denying the sanctions, he signed a Letter of Acceptance, Waiver and Consent consenting to FINRA’s sanctions on March 5, 2016. According to FINRA, he “participated in two outside business activities and participated in six private securities transactions without providing prior written notice of the outside business activities or the private securities transactions to his firm.”

According to his publicly available BrokerCheck report, Walji is no longer licensed to act as a broker, and has not been registered with any firm since leaving Oppenheimer & Co. in May of 2014.

If you lost money investing with former Oppenheimer & Co. broker Zahir Walji, contact Meyer Wilson’s securities fraud attorneys today. We offer free case consultations in order to discuss your potential claim, and handle all cases on a contingency fee basis, so you won’t owe us any fees unless we can successfully recover your losses.

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