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Nisha Varma Has Received a Customer Complaint


Nisha VarmaPublicly available records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on August 9, 2017 indicate that California-based FSC Securities Corporation broker Nisha Varma has received resolved or pending customer disputes. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Ms. Varma (CRD# 2478721).

Nisha Varma has spent 2 years in the securities industry and has been registered with FSC Securities Corporation in San Diego, California since 2015. She was previously registered with LPL Financial in San Diego, California (2015). She is currently not registered with any US state.

According to her BrokerCheck report, she has received one customer complaint and one pending customer complaint.

In April 2017 a customer alleged Nisha Varma, while employed at LPL Financial, recommended an unsuitable insurance product. The customer is seeking $2,708,644 in damages in the pending complaint. A note on the disclosure states: “Nisha Varma was not a registered representative at the time of the alleged events (2000) and did not become registered with FINRA until August 2015, fifteen years after the transactions at issue.”

In 2016 a customer alleged Nisha Varma, while employed at LPL Financial, recommended a liquidation that caused losses, and recommended an unsuitable insurance product. The complaint settled for $850,000. A statement on the disclosure notes that “Nisha Varma did not even become a registered adviser until 2015, 13 years after the first alleged recommendation.”

If you or someone you know has lost money investing with Nisha Varma, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup your losses. Fitapelli Kurta accepts all cases on a contingency basis: we only get paid if and when you collect money. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.