Kinan Nimeh, or Kenan Nimeh (CRD #: 4438900), is a broker registered with Garden State Securities, Inc. In his 18 years of experience, he has accumulated 12 disclosures on his broker record. His latest disclosures allege unsuitable investment recommendations and regulatory action from the Financial Industry Regulatory Authority (FINRA), according to his BrokerCheck record, accessed on August 24, 2020.
On May 26, 2020, a client alleged that Kinan Nimeh over-concentrated certain securities in their portfolio and made unsuitable investment recommendations. The client is seeking $50,000 in damages; the dispute is pending.
On September 11, 2017, Kinan Nimeh entered into an Acceptance, Waiver and Consent agreement with FINRA in which he consented to the entry of the findings that he recommended unsuitable investments. These securities were intended to be long-term investments, which was stated in the prospectus. In spite of this, Kinan Nimeh recommended that these be held for an average of 130 days. FINRA alleges that Mr. Nimeh did not have reasonable grounds for believing these were suitable recommendations. Kinan Nimeh consented to pay restitutions of $3,578 and a civil fee of $5,000. He also consented to a two-month suspension. You can see a copy of his AWC here.
On June 16, 2017, the State of Massachusetts alleged that on February 16, 2017, Garden State Securities, Incorporated submitted an application seeking to register Kinan Nimeh as an agent; however, on December 31, 2015, Nimeh failed to renew as a broker-dealer agent of his firm, McBarron Capital LLC, and was subsequently not registered in Massachusetts as a broker-dealer agent. Massachusetts further alleges that Mr. Nimeh has twice filed for bankruptcy and has had both petitions dismissed. Mr. Nimeh also had a tax lien from 2012 that he allegedly did not report to FINRA’s Central Registration Depository until 2014.
On November 24, 2015, Massachusetts alleged that Kinan Nimeh had been the subject of five customer complaints involving unauthorized trades, churning, excessive mark-ups, and unsuitable investment recommendations, among others. Mr. Nimeh consented to the sanction that his firm would supervise him on a heightened basis.
On April 6, 2015, a client alleged that Kinan Nimeh made unsuitable recommendations, executed unauthorized trades, and utilized excessive use of margin. The client sought $562,387 in damages; the dispute settled for $20,000.
On two separate occasions, once in 2012 and again in 2013, a judge dismissed Kinan Nimeh’s petition for bankruptcy.
Kinan Nimeh has two tax liens on his record that total $233,737.03.
On December 30, 2011, a client alleged that Kinan Nimeh engaged in reckless trading. They further alleged that he charged excessive markups, fees, and margin interest. The client sought damages of $1,600,000; the dispute settled for $25,000.
On December 23, 2009, a client alleged that Kinan Nimeh executed an unauthorized trade. The client sought $5,000; the dispute settled for $7,000.
On February 12, 2007, a client alleged that Mr. Nimeh churned his account. The client sought $250,000; the dispute settled for $15,000.
Kinan Nimeh has passed the Series 63 Uniform Securities Agent State Law Examination, the Securities Industry Essentials Examination, and the General Securities Representative Examination. He is a registered broker in California, Connecticut, Florida, Maryland, New York, Ohio, Texas, and Wyoming.
Kinan Nimeh has worked at the following firms:
- CV Brokerage Incorporated (CRD #: 462)
- McBarron Capital LLC (CRD #: 131431)
- Rockwell Global Capital LLC (CRD #: 142485)
- International Assets Advisory LLC (CRD #: 10645)
- J.P. Turner & Company, LLC (CRD #: 43177)
- Gunnallen Financial, Incocporated (CRD #: 17609)
- Continental Broker-Dealer Corporation (CRD #: 14048)
If Kinan Nimeh was your broker and you have questions about your investments, don’t hesitate to contact the securities attorneys of Fitapelli Kurta. Call (877) 238-4175 or email email@example.com for your free case consultation with a securities attorney.