Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on November 9, 2017 indicate that New Jersey-based Ameriprise Financial Services broker/adviser Satish Bhayani is involved in a pending customer dispute. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Bhayani (CRD# 2346594).
Satish Bhayani has spent 24 years in the securities industry and has been registered with Ameriprise Financial Services in Parsippany, New Jersey since 1993. He was previously registered with IDS Life Insurance Company in Minneapolis, Minnesota (1993-2006). He has passed five securities industry examinations: Series 63 (Uniform Securities Agent State Law Examination), which he obtained on October 21, 1993; Series 7 (General Securities Representative Examination), which he obtained on June 23, 1993; Series 10 (General Securities Sales Supervisor – General Module Examination), which he obtained on July 3, 2002; Series 9 (General Securities Sales Supervisor – Options Module Examination), which he obtained on May 3, 2002; and Series 24 (General Securities Principal Examination), which he obtained on March 15, 2000. He is a registered broker and investment adviser with nine US states and territories: California, Florida, Illinois, Maryland, Michigan, New Jersey, New York, Texas, and Virginia.
According to his BrokerCheck report, he has received one pending customer complaint.
In August 2017 a party of customers alleged Satish Bhayani, while employed at Ameriprise Financial Services, made false statements and/or omitted material facts regarding the suitability, use of margin, risks, over-concentration in Pfizer equity, performance, and risk tolerance with respect to their accounts. The customers are seeking $1,264,000 in damages in the pending complaint.
If you or someone you know has a complaint regarding Satish Bhayani, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be able to recover lost funds. Fitapelli Kurta accepts all cases on contingency: we only get paid if and when you collect money. You may have a limited window to file your complaint, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.