Columbus, Ohio financial advisor Tom Bates (CRD# 1037294) allegedly gave misleading investment advice, according to a recent investor complaint. Financial...Read More
Gino Rahman: Merrill Lynch Fires Michigan Advisor
Troy, Michigan financial advisor Gino Rahman (CRD# 2476187) was recently fired from Merrill Lynch in connection with allegations, among others, of improper outside business activities. Financial Industry Regulatory Authority records show that he is a broker and an investment advisor registered with LM Kohn & Company.
Mr. Rahman’s BrokerCheck report discloses his termination from Merrill Lynch. Filed in October 2023, the disclosure states that Merrill Lynch fired him in connection with allegations he participated in undisclosed outside business activities and accessed a client account in violation of internal policy. The disclosure states further that he allegedly failed to follow firm policy regarding “the appointment of a family member as a beneficiary on a client’s accounts,” and that he provided inaccurate information on firm records.
Investors should be aware that FINRA Rule 3270 forbids brokers like Mr. Rahman from participating in unapproved outside business activities. “No registered person may be an employee, independent contractor, sole proprietor, officer, director or partner of another person, or be compensated, or have the reasonable expectation of compensation, from any other person as a result of any business activity outside the scope of the relationship with his or her member firm,” the rule states, “unless he or she has provided prior written notice to the member, in such form as specified by the member.” Brokers who contravene this rule may be subject to disciplinary action by their member firms or by securities industry regulators.
According to the Financial Industry Regulatory Authority, Gino Rahman holds 25 years of securities industry experience. Based in Troy, Michigan, he has been a broker and an investment advisor with LM Kohn & Company since October 2023. His past registrations include Merrill Lynch (Bloomfield Hills, Michigan; 2005-2023), UBS Financial Services (Weehawken, New Jersey; 1999-2005), Dean Witter Reynolds (Purchase, New York; 1998-2000), and Montano Securities Corporation (Orange, California; 1995-1995). His credentials include the passage of five securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the Futures Managed Funds Examination, or Series 31; the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Investment Adviser Law Examination, or Series 65. He is licensed in California, Indiana, Nevada, and South Carolina. (Information current as of November 6, 2023.)
Carlson Law represents investors throughout the United States in claims against financial advisors and investment firms. If you or a loved one have suffered investment losses, please call us at 888-976-6111 or complete our contact form for a free and confidential consultation.