DID IMDADUR RAHMAN CAUSE YOU INVESTMENT LOSSES?
Imdadur Rahman Formerly With L.M. Kohn & Company was terminated on June 10, 2024, following the FINRA findings related to his conduct while employed at Merrill Lynch
Who is Imdadur Rahman formerly with L.M. Kohn & Company?
Imdadur Rahman (CRD #2476187) who was formerly registered as a broker with L.M. Kohn & Company and located in Troy, Michigan. is the subject of one of our many securities industry sales practice abuse investigations.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Imdadur Rahman Employment History
Imdadur Rahman has a lengthy career in the securities industry, having been registered with several prominent firms over the years. He has worked with five firms, including L.M. Kohn & Company from October 2023 to June 2024 and Merrill Lynch, Pierce, Fenner & Smith Incorporated from November 2005 to October 2023. His career began in 1994 with Montano Securities Corporation. Throughout his career, Rahman passed five industry exams, including three general industry/product exams and two multi-state securities law exams. He did not complete any principal/supervisory exams and is currently not registered with any firm.
Allegations Against Imdadur Rahman
Imdadur Rahman has three negative disclosures on his record, including a regulatory action and two terminations.
- Regulatory Action (1 incident):
- June 10, 2024: FINRA barred Rahman permanently from the securities industry following findings that he facilitated a senior customer’s designation of his wife as a beneficiary on two accounts without proper disclosure to his firm. Rahman was also found to have falsified beneficiary forms, engaged in undisclosed outside business activities (OBA), and accepted monetary gifts from the customer that were not disclosed to his firm.
- Terminations:
- June 10, 2024: Rahman was discharged from L.M. Kohn & Company following the FINRA findings related to his conduct while employed at Merrill Lynch, which included the undisclosed beneficiary designation and accepting unreported gifts.
- October 9, 2023: Rahman was discharged from Merrill Lynch, Pierce, Fenner & Smith Incorporated for engaging in undisclosed outside business activities with a client, accessing a client account in violation of firm policy, failing to comply with firm policy concerning the appointment of a family member as a beneficiary on a client’s accounts, and providing inaccurate information on firm records
Imdadur Rahman Red Flags & Your Rights As An Investor
Of course, Imdadur Rahman did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers coupled with the recent termination are red flags which should put all current and former customers of Imdadur Rahman at L.M. Kohn & Company on alert to review carefully the activity and performance of their accounts and question whether Imdadur Rahman has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at L.M. Kohn & Company also raises questions about the brokerage firms’ supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
Did You Lose Money Because of Broker Misconduct?
If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.
Need Legal Help? Let’s talk.or, give us a ring at 561-338-0037.
File A Claim To Recover Your Investment Losses At L.M. Kohn & Company Due To Imdadur Rahman
If you have questions about L.M. Kohn & Company and/or Imdadur Rahman and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.
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