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Nitin Bahirwani: Ex-National Securities Advisor Has $900K Complaint
A recent investor complaint against Miami financial advisor Nitin Bahirwani (CRD# 4748899) alleges that his conduct resulted in six-figure damages. Financial Industry Regulatory Authority records show that he is a broker with B. Riley Wealth Management, having previously been registered with National Securities Corporation.
Mr. Bahirwani’s BrokerCheck report discloses multiple investor complaints. The most recent, filed in November 2022, alleges that as a representative of National Securities, he breached his fiduciary duty and breached contract in connection with stock investments. The pending complaint alleges damages of $900,000.
An earlier investor complaint, filed in 2008, alleged that as a representative of NSM Securities, he failed to place a stop loss order while at NSM Securities. The complaint alleged damages of $25,000 and was denied by the firm.
A third investor complaint, filed in 2004, alleged that he engaged in unauthorized trading while a representative of Aura Financial Services in 2004. The complaint alleged damages of $21,788 and was denied by the firm.
According to records maintained by the Financial Industry Regulatory Authority, Nitin Bahirwani holds 18 years of securities industry experience. Based in Miami, Florida, he has been a broker with B. Riley Wealth Management since July 2022. His past registrations include National Securities Corporation (Miami, Florida; 2013-2022), NSM Securities (West Palm Beach, Florida; 2007-2013), and Aura Financial Services (West Palm Beach, Florida; 2004-2007). His credentials include the passage of three securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; and the Uniform Securities Agent State Law Examination, or Series 63. He holds 24 state licenses. (Information current as of December 26, 2022.)
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.