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Ahmad Maklouf Of Spartan Capital Securities, LLC And Formerly With Worden Capital Management LLC And Legend Securities, Inc. Has  4 Customer Complaints For Alleged Broker Misconduct

Who is Ahmad Maklouf of Spartan Capital Securities, LLC?

Ahmad Maklouf (CRD #6092943) who is currently registered with Spartan Capital Securities, LLC and located in New York, New York is a subject of one of our many securities industry sales practice abuse investigations.  Prior to Spartan Capital Securities, LLC, Ahmad Maklouf was associated with Worden Capital Management LLC, Legend Securities, Inc. and other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.

Ahmad Maklouf Customer Complaints

Ahmad Maklouf has been the subject of 4 customer complaints that we know about, all 4 of those complaints were filed in the last year to recover investment losses. One of Ahmad Maklouf’s 4 customer complaints was settled in favor of investors. There are currently 3 pending customer complaints filed against Ahmad Maklouf’s current and former employers Spartan Capital Securities, LLC, Worden Capital Management LLC, and Legend Securities, Inc. for investment losses caused by the alleged misconduct.

Allegations Against Ahmad Maklouf

A sample of the allegations made in the FINRA reported federal court and arbitration pending complaints for investment losses are as follows:

  • Customer alleged unsuitable investment recommendations resulting in overconcentration and certain securities and excessive trading of customer’s account.
  • Two customers, in separate arbitration proceedings, alleged, churning, quantitative unsuitable investment recommendations, breaches fiduciary duty, breach of contract and violations of FINRA Rule 2010.
  • Customer alleged misrepresentations and unsuitable investment recommendations.

Ahmad Maklouf Red Flags & Your Rights As An Investor

Of course,  Ahmad Maklouf 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 Ahmad Maklouf at Spartan Capital Securities, LLC, Worden Capital Management LLC, and Legend Securities, Inc. on alert to review carefully the activity and performance of their accounts and question whether Ahmad Maklouf has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Spartan Capital Securities, LLC, Worden Capital Management LLC, and Legend Securities, 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.

File A Claim To Recover Your Investment Losses At Spartan Capital Securities, LLC Due To Ahmad Maklouf

If you have questions about Spartan Capital Securities, LLC, Worden Capital Management LLC, Legend Securities, Inc., and/or Ahmad Maklouf 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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Robert Wayne Pearce

Robert Wayne Pearce of The Law Offices of Robert Wayne Pearce, P.A. has been a trial attorney for more than 40 years and has helped recover over $170 million dollars for his clients. During that time, he developed a well-respected and highly accomplished legal career representing investors and brokers in disputes with one another and the government and industry regulators. To speak with Attorney Pearce, call (800) 732-2889 or Contact Us online for a FREE INITIAL CONSULTATION with Attorney Pearce about your case.

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