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
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.