In the fascinating world of Miami’s finance industry, one name is currently attracting a growing amount of attention—Viqas Akhtar. Residing in a formidable space as a financial advisor for B. Riley Wealth Management, Akhtar’s professional credibility is undergoing a strict inquiry due to serious allegations about excessive trading. The beam of suspicion has certainly cast a shadow on his dealings with clients and investors, ruffling feathers in the finance community.
Akhtar was involved with the operations at National Securities Corporation during the time when the incidents in question took place. Monitoring and maintaining industry integrity in such cases is the Financial Industry Regulatory Authority (FINRA). Tasked with upholding the principles of transparency and ethical conduct, FINRA is actively tracing these allegations to their source.
Tracing a Pattern of Persistent Allegations
Disturbingly, this isn’t the first time that complaints have surfaced about Akhtar, thus leading to critical examination of his professional standing. The latest blow comes from an allegation made in July 2023. The claim mentions that throughout his tenure at the National Securities Corporation, Akhtar was recommending unsuitable investments and indulging in frequent trading, although the damages from this recent complaint are yet to be quantified.
Evidence from previous years serves as additional strikes against this financial advisor. Back in 2020, allegations arose where Akhtar was suspected of inappropriately suggesting a private placement—a claim that was settled a year later for a whopping $37,500. Interestingly enough, a very similar claim surfaced in 2020, with the complaining party alleging improper advice for a private placement investment and resulting in an identical settlement amount. Despite repeated incidences, Akhtar has consistently claimed his innocence.
Revisiting a Mixed Record
Step back a year further into 2019, and we find an intriguing case where Akhtar was accused of unauthorized trading. This complainant was gracefully compensated with a settlement worth $9,539, further complicating the labyrinth of Akhtar’s professional stature.
The records by FINRA confirm that Akhtar brings 13 years of industry experience to the table. Based in Miami, he started his career with B. Riley Wealth Management in July 2022. In his professional odyssey, he has worked at the National Securities Corporation (2012-2022), VFinance Investments (2010-2012), and even Rockwell Global Capital (2009). With multiple securities industry qualifying exams under his belt, Akhtar is currently licensed to operate in 24 states.
Financial Disputes: Navigating the Turbulence
Dealing with financial disputes is no easy task. But knowing that there is professional help available can be a sigh of relief. Haselkorn & Thibaut is one such team that can guide you through the complicated maze of claims against financial advisors and investment firms. Reach out to them at 1-800-856-3352 for a confidential, cost-free consultation.
In essence, the scenario of Viqas Akhtar tarnishes the shiny surface of the Miami finance industry, bringing up unsettling questions about intersectionality between professional success and ethical adherence. As we await more news and updates on this case, it’s evident that every eye in the finance industry will be watching to see what comes next.
Investor Complaint Targets Viqas Akhtar At National Securities Advisor