E1 Asset Management, Inc., Sohroub Zebarjadi, Charles Bernard Milligan, III, Kashif Mehdi Shaikh, Mike Shaikh and Jae Hun Kim
FINRA Arbitration Attorney Russell L. Forkey, Esq.
Recently, an English foreign national and his company filed a FINRA arbitration claim against a FINRA licensed firm by the name of E1 Asset Management, Inc. and various of its registered account executives and supervisors, Sohroub Zebarjadi, Charles Bernard Milligan, III, Kashif Mehdi Shaikh, Mike Shaikh and Jae Hun Kim.
In their statement of claim, the claimants have alleged that while they had investment objectives of growth, with the normal risks of the market, the respondents solicited the claimants to invest in speculative securities and recommended the use of high risk strategies, including the use of margin and options. These investments and the solicited strategies were recommended, by the respondents, during the systemic economic downturn in the period of 2007 through 2008. It is alleged, by the claimants, that the investments and the strategies were unsuitable for the them, which caused the claimants to lose a substantial sum of money.
According to the statement of claim, when the claimants brought their concerns of what was happening in their accounts to initially the account executive's manager and ultimately to the chief compliance officer of the firm, they were advised that as far as the firm was concerned the accounts were being handled properly. Then a series of bait and switches occurred where the firm replaced one executive with another that just continued with the unsuitable activity.
With extensive courtroom, arbitration and mediation experience and an in-depth understanding of securities law, our firm provides all of our clients with the personal service they deserve. Handling cases worth $25,000 or more, we represent clients throughout Florida and across the United States, as well as for foreign individuals that invested in U.S. banks or brokerage firms. Contact us to arrange your free initial consultation.
At the Fort Lauderdale Law Office of Russell L. Forkey, we represent clients throughout South and Central Florida, including Fort Lauderdale, West Palm Beach, Boca Raton, Sunrise, Plantation, Coral Springs, Deerfield Beach, Pompano Beach, Delray, Boynton Beach, Hollywood, Lake Worth, Royal Palm Beach, Manalapan, Jupiter, Gulf Stream, Wellington, Fort Pierce, Stuart, Palm City, Jupiter, Miami, Orlando, Maitland, Winter Park, Altamonte Springs, Lake Mary, Heathrow, Melbourne, Palm Bay, Cocoa Beach, Vero Beach, Daytona Beach, Deland, New Smyrna Beach, Ormand Beach, Broward County, Palm Beach County, Dade County, Orange County, Seminole County, Martin County, Brevard County, Indian River County, Volusia County and Monroe County, Florida. The law office of Russell L. Forkey also represents South American, Canadian and other foreign residents that do business with U.S. financial institutions, investment advisors, brokerage and precious metal firms.