| Read Time: 3 minutes | News & Articles |

DID AJAY KUMAR GUPTA CAUSE YOU INVESTMENT LOSSES?

About Ajay Gupta of Creative Planning?

Ajay Gupta

Ajay Gupta (CRD #4294634) an investment advisor previously registered has worked for five firms throughout his career, including notable organizations such as UBS Financial Services, Merrill Lynch, and Creative Planning. His most recent registration ended in 2020. Gupta’s experience spans various financial services roles, including leadership positions and investment advisory.

Investment Losses? Let’s talk.

or, give us a ring at (800) 732-2889.

Ajay Gupta Customer Complaints and Reviews

Ajay Kumar Gupta has one disclosure involving a customer dispute.:

  • Dispute Filed: July 2, 2021.
  • Allegations: Breach of fiduciary duty, negligence, fraud, and violations of the California Corporations Code and Kansas Uniform Securities Act. These claims are related to the sale of conservation easements between 2015 and 2017 while employed at Gupta Wealth Management and Creative Planning.
  • Claimed Damages: $5,185,000.
  • Status: The arbitration is pending with AAA (American Arbitration Association), and no resolution has been reached.

This dispute is significant, involving both legal and financial claims, and remains unresolved.

Allegations Against Ajay Gupta

The primary allegations against Ajay Kumar Gupta are related to his handling of conservation easements during his tenure at Gupta Wealth Management and Creative Planning:

  • Claims:
  • Breach of fiduciary duty and negligence in advising and executing investments.
  • Fraudulent activity and non-compliance with state-specific securities laws.
  • Product: Conservation easements.

Ajay Gupta Employment History and Licenses

  • Examinations and Licenses: Ajay Kumar Gupta passed the Series 66 Uniform Combined State Law Examination on December 11, 2000. No additional principal, supervisory, or general industry exams were noted.
  • Employment History:
  • Creative Planning (2016–2020), San Diego, CA.
  • Gupta Wealth Management (2013–2017), San Diego, CA.
  • Stronghold Financial (2014–2017), San Diego, CA.
  • UBS Financial Services (2008–2013), La Jolla, CA.
  • Merrill Lynch (2001–2008), San Diego, CA.
  • Gupta has held roles including investment adviser and firm president.

Investment Advisors Owe Clients The Highest Level Of Care

Investment advisors have a fiduciary duty to act in the best interest of their clients, placing the client’s interests above their own. This includes providing full disclosure about nature, mechanics, and risks of any recommended investment strategies or activities. Advisors must ensure that clients understand the potential outcomes, costs, and risks associated with investments, enabling them to make informed decisions. The duty of care requires advisors to exercise skill, diligence, and prudence in managing client portfolios, ensuring that recommendations are suitable for each client’s specific financial goals, risk tolerance, and circumstances. This fiduciary responsibility is essential in maintaining trust and ensuring the advisor’s decisions prioritize the client’s needs.

Option Trading Can Be Extremely Risky

Option trading can be highly risky, particularly when it involves complex strategies or high leverage. Options give investors the right, but not the obligation, to buy or sell an underlying asset at a predetermined price within a set period. While options can be used to hedge risks, they can also amplify losses, especially for inexperienced investors. Investment advisors who engage in options trading on behalf of clients must carefully consider the client’s risk tolerance and ensure they fully understand the potential outcomes.

More risky options strategies, such as naked calls or puts, involve selling options without holding the underlying asset. This exposes the investor to unlimited losses if the market moves unfavorably. For example, in a naked call strategy, an advisor sells a call option without owning the underlying stock. If the stock price rises significantly, the client could face substantial losses, as they would be obligated to buy the stock at a much higher price. Due to these risks, it’s crucial for advisors to fully explain the strategy and its potential consequences before engaging in such transactions.

Ajay Gupta Red Flags & Your Rights As An Investor

Of course, Ajay Gupta 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 are red flags which should put all current and former customers of Creative Planning on alert to review carefully the activity and performance of their accounts and question whether Ajay Gupta has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Creative Planning also raises questions about the brokerage firm’s 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?

best investment fraud lawyers

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 Creative Planning Due To Ajay Gupta

If you have questions about about Creative Planning and/or Ajay Gupta 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.

Author Photo

Robert Wayne Pearce

Robert Wayne Pearce of The Law Offices of Robert Wayne Pearce, P.A. has been a trial attorney for more than 40 years and has helped recover over $170 million dollars for his clients. During that time, he developed a well-respected and highly accomplished legal career representing investors and brokers in disputes with one another and the government and industry regulators. To speak with Attorney Pearce, call (800) 732-2889 or Contact Us online for a FREE INITIAL CONSULTATION with Attorney Pearce about your case.

Rate this Post

1 Star2 Stars3 Stars4 Stars5 Stars
Loading...