DID KULTAR SINGH BINDRA CAUSE YOU INVESTMENT LOSSES?
Kultar Bindra Of Truist Investment Services, Inc. Has 3 Customer Complaints For Alleged Broker Misconduct
About Kultar Bindra of Truist Investment Services, Inc.?
Kultar Bindra (CRD #6147537) is currently registered with Truist Advisory Services, Inc. and Truist Investment Services, Inc., both located in Tampa, Florida. He began his registration with these firms on February 17, 2021. Bindra has passed two general industry/product exams—the Securities Industry Essentials Examination and the General Securities Representative Examination—and one multi-state securities law exam, the Uniform Combined State Law Examination. Over his career, he has worked with several firms, including BB&T Securities, LLC and Morgan Stanley, gaining exposure across various facets of financial services. He is licensed in 23 U.S. states and territories.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Kultar Bindra Customer Complaints and Reviews
Bindra’s professional record includes several negative disclosures primarily related to customer disputes:
- Customer Dispute 1 (Settled on 02/16/2024): A client alleged an unsuitable recommendation involving a zero coupon structured product, which was settled for $31,860, fully contributed by Bindra.
- Customer Dispute 2 (Settled on 12/21/2023): Another claim involved misrepresentation concerning the term and rate of return on a structured product, leading to a settlement of $14,954, with Bindra contributing $7,447.
- Customer Dispute 3 (Settled on 11/28/2018): This dispute involved allegations of overconcentration of unsuitable and risky investments in equities and options, settled for $92,500 with no financial contribution from Bindra.
Allegations Against Kultar Bindra
- Customer Dispute Allegations:
- Unsuitable Investment Recommendations: In various instances, Bindra was alleged to have recommended investments that were not suited to the clients’ financial situations and risk profiles.
- Misrepresentation: Bindra faced allegations of misrepresenting investment terms and expected returns to clients.
- Overconcentration in Risky Investments: He was also accused of concentrating investments in risky equities and options beyond the clients’ risk tolerance or investment objectives.
Kultar Bindra Red Flags & Your Rights As An Investor
Of course, Kultar Bindra 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 Kultar Bindra at Truist Investment Services, Inc. on alert to review carefully the activity and performance of their accounts and question whether Kultar Bindra has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Truist Investment Services, Inc. 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 Truist Investment Services, Inc. Due To Kultar Bindra
If you have questions about Truist Investment Services, Inc. and/or Kultar Bindra 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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