Lincoln Financial Sued For Bad Investment Advice
Imran Nazir Razvi (also known as Raz Razvi) of Frederick Maryland a stockbroker formerly employed by Lincoln Financial Securities Corporation is referenced in a customer initiated investment related arbitration claim where the customer requested damages estimated to exceed $5,000.00 based upon accusations that Razvi or another broker made unsuitable investment recommendations to the customer concerning a non-registered mortgage investment fund, and made omissions to the customer in reference to that investment at the time that the customer made the decision to purchase the security. FINRA Arbitration No. 18-02985 (Oct. 25, 2018).
FINRA Public Disclosure reveals that another customer filed an investment related arbitration claim concerning Razvi’s conduct in which the customer sought more than $5,000.00 in damages supported by allegations that Razvi or someone under his supervision failed to make required disclosures to the customer concerning the risks of a non-registered mortgage investment fund, and poorly advised the customer concerning the investment. FINRA Arbitration No. 18-00426 (Apr. 9, 2018).
Razvi was registered with Lincoln Financial Securities Corporation between April 4, 2017 and March 1, 2018.