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Cabin Securities’ Sam Bhushan Receives $150K Reg D Complaint
Sam Bhushan (CRD# 4884717), a financial advisor based in Laguna Niguel, California, recently received an investor complaint alleging six-figure losses. Financial Industry Regulatory Authority records show that he is a broker with Cabin Securities, having previously been registered with Arete Wealth Management.
Mr. Bhushan’s BrokerCheck report discloses one investor complaint. Filed in October 2022, it alleges fraud, misrepresentation and omission of material facts, unsuitable investment recommendations, breach of fiduciary duty, and breach of contract in connection with a Regulation D private placement investment. The pending complaint alleges damages of $150,000.
In a statement on the pending complaint’s disclosure, Mr. Bhushan defended himself against the allegations, describing them as “inaccurate” and asserting that the claimant filed the complaint against Cabin Securities rather than Mr. Bhushan himself. Responding to the investor’s allegations that the firm did not conduct due diligence on the investment, he stated that the firm “conducted robust due diligence,” and described the investor as “a sophisticated real estate investor” with whom Mr. Bhushan disclosed and discussed the investment’s risks. “The client is a satisfied customer of the representative, as demonstrated by the other investment made by the client through the representative, as well as the referrals and introductions the client made to other potential customers,” he wrote, concluding: “The representative did not play a role in the management of the investment. The investment was negatively affected by issues arising from the lender, the manager, and the global pandemic.”
According to the Financial Industry Regulatory Authority, Sam Bhushan holds 14 years of securities industry experience. Based in Bhushan, California, he has been a broker with Cabin Securities since 2017. His past registrations include Arete Wealth Management, ARI Financial Services, Realty Capital Securities, KBR Capital Markets, Burch & Company, and Jame Harold Goode Jr. His credentials include the passage of five securities industry qualifying exams: the Direct Participation Programs Representative Examination, or Series 22; the Corporate Securities Limited Representative Examination, or Series 62; the General Securities Representative Examination, or Series 7; and the Uniform Securities Agent State Law Examination, or Series 63. He currently holds 24 state licenses. (Information current as of December 13, 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.