DID RAJESH MARKAN CAUSE YOU INVESTMENT LOSSES?
Rajesh Markan Formerly With Hilltop Securities Inc. Has 7 Customer Complaints For Alleged Broker Misconduct
About Rajesh Markan formerly with Hilltop Securities Inc.?
Rajesh Markan (CRD #4553309) Located in Dallas, TX has an extensive history in the securities industry. He was previously registered with firms including Hilltop Securities Inc. (2022–2024), Merrill Lynch, Pierce, Fenner & Smith Incorporated (2009–2022), and Citigroup Global Markets Inc. (2006–2009). Over his career, he has passed two general industry/product exams, the Securities Industry Essentials Examination and the Series 7 General Securities Representative Examination—as well as the Series 66 Uniform Combined Multi-State Law Examination. Markan has not passed any principal or supervisory exams and is currently not registered with any firm.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Rajesh Markan Customer Complaints and Reviews
Rajesh Markan’s BrokerCheck report lists seven customer disputes, and one employment termination. Below are the details:
- Customer Dispute: 1 Filed November 20, 2024
- Complaint: Solicitation to invest in fraudulent hedge funds or private equity funds, misrepresentation, and misappropriation of funds.
- Employing Firm: Merrill Lynch, Pierce, Fenner & Smith Incorporated
- Alleged Damages: $300,000
- Status: Pending under FINRA Case # 24-02499
- Customer Dispute: 2 Filed October 23, 2024
- Complaint: Solicitation to invest in fraudulent hedge funds or private equity funds, misrepresentation, and misappropriation of funds.
- Employing Firm: Merrill Lynch, Pierce, Fenner & Smith Incorporated
- Alleged Damages: $1,200,000
- Status: Pending under FINRA Case # 24-02289
- Customer Dispute: 3 Filed October 7, 2024
- Complaint: Solicitation to invest in fraudulent hedge funds or private equity funds, misrepresentation, and misappropriation of funds.
- Employing Firm: Merrill Lynch, Pierce, Fenner & Smith Incorporated
- Alleged Damages: $500,000
- Status: Pending under FINRA Case # 24-02147
- Customer Dispute: 4 Filed October 7, 9, 2024
- Complaint: Solicitation to invest in fraudulent hedge funds or private equity funds, misrepresentation, and misappropriation of funds.
- Employing Firms: Merrill Lynch, Pierce, Fenner & Smith Incorporated and Hilltop Securities Inc.
- Alleged Damages: $1,000,000
- Status: Pending under FINRA Case # 24-02148
- Customer Dispute: 5 Filed September 25, 2024
- Complaint: Allegations that representative created a bogus hedge fund, bogus prospectuses and other materials to share with Claimants to solicit fraudulent investment.
- Employing Firm: Merrill Lynch, Pierce, Fenner & Smith Incorporated
- Alleged Damages: $200,000
- Status: Pending under FINRA Case # 24-02052
- Customer Dispute: 6 Filed September 3, 2024
- Complaint: Allegations that representative created a bogus hedge fund, bogus prospectuses and other materials to share with Claimants to solicit fraudulent investment.
- Employing Firm: Hilltop Securities Inc.
- Alleged Damages: $420,000
- Status: Pending under FINRA Case # 24-01894
- Customer Dispute: 7 Filed August 20, 2024
- Complaints: Clients allege that they were solicited by a financial advisor to invest in an outside investment that was fraudulent.
- Theft of customer funds by recommending fraudulent investment.
- Employing Firms: Merrill Lynch, Pierce, Fenner & Smith Incorporated and Hilltop Securities Inc.
- Alleged Damages: $200,000 & $300,000
- Status: Pending under FINRA Case # 24-01785
- Employment Termination:
- His employment at Merrill Lynch ended with a voluntary resignation in October 2022 following allegations related to a failure to disclose a loan to a client.
Allegations Against Rajesh Markan
- Customer Complaints:
- Seven active disputes allege significant misconduct, including fraudulent investment schemes and misappropriation. These cases represent a substantial financial risk to investors, with alleged damages totaling several million dollars.
- Employment Termination:
- The termination at Merrill Lynch for non-disclosure of a client loan raises concerns about transparency and compliance with professional standards.
Rajesh Markan Red Flags & Your Rights As An Investor
Of course, Rajesh Markan 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 Rajesh Markan at Hilltop Securities Inc. on alert to review carefully the activity and performance of their accounts and question whether Rajesh Markan has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Hilltop Securities Inc. 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?
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 Hilltop Securities Inc. Due To Rajesh Markan
If you have questions about Hilltop Securities Inc. and/or Rajesh Markan 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.
Rate this Post
Loading...