Amir Navab (CRD #: 2437020), an investment adviser registered with Great Gable Wealth Management, was involved in a recent investor dispute over misrepresentations, according to his IAPD record, accessed on February 2, 2021. Navab was previously registered as a broker, most recently with RBC Capital Markets.

On November 17, 2020, an investor alleged that Amir Navab misrepresented a fund. The dispute was denied by the firm, which firms can do without entering into arbitration. When a dispute is denied, it is up to the investor to pursue the matter further with FINRA arbitration and an experienced securities attorney.

More Investor Disputes Regarding Unsuitable Investment Recommendations

On September 16, 2013, investors alleged that Amir Navab made unsuitable investment recommendations and omitted material information in connection with the purchase of risky structured products in a 401(k) account. The investor sought $1.2 million; the dispute settled for $257,810.

On September 21, 2009, an investor alleged that Navab misrepresented certain investments, omitted material information, and made unsuitable recommendations in connection with structured products. The investor sought $1.43 million; the dispute settled for $822,500.

On April 10, 2008, an investor stated that Navab recommended unsuitable investments. The investor alleged that they expressly stated that they did not want to take any risks with their life savings and only wanted to invest in CDs. In spite of this, Navab allegedly recommended investing in risky auction rate securities. The dispute settled for $100,000.

On July 16, 2004, an investor alleged that Navab engaged in negligence, churned his account, and over-concentrated the investor’s portfolio in certain securities. The investor further alleged that Navab executed unauthorized trades. The investor sought $508,929; the dispute settled for $150,000.

Amir Navab has passed the Series 65 Uniform Investment Adviser Law Examination, Series 63 Uniform Securities Agent State Law Examination, the Securities Industry Essentials Examination, and the Series 7 General Securities Representative Examination. He is a registered investment adviser in California.

In his 26 years of experience, Navab has registered with the following firms:

  • RBC Capital Markets (CRD #: 31194)
  • Morgan Stanley (CRD #: 149777)
  • Morgan Stanley & Co (CRD #: 8209)
  • UBS Financial (CRD #: 8174)
  • Smith Barney (CRD #: 7059)

If Amir Navab 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 info@fkesq.com for a free case consultation with a securities attorney.

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