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Shomir Mukherjee: $100K Complaint Against Westlake Village Advisor
An investor complaint against Western International Securities financial advisor Shomir Mukherjee (CRD# 4121898) alleges that he recommended unsuitable investments. Financial Industry Regulatory Authority records show that he is a broker and investment advisor based in Westlake Village, California.
Mr. Mukherjee’s BrokerCheck report discloses two investor complaints. The most recent, filed in June 2022, alleges that as a representative of Western International Securities, he recommended unsuitable investments in corporate bond products. The pending complaint alleges damages between $100,000 and $500,000.
An earlier investor complaint, filed in June 2021, alleged that as a Western International Securities representative, Mr. Mukherjee recommended an unsuitable investment in a real estate investment trust, or REIT. The complaint alleged damages of at least $5,000 and was denied by the firm. (When an investor complaint is denied by the firm that received it, for reference, this does not necessarily mean it has no basis in fact. Investors can still pursue other actions, like FINRA arbitration claims.)
Mr. Mukherjee’s BrokerCheck report also discloses his resignation from Citigroup Global Markets in 2015. According to the disclosure, he voluntarily resigned “after being asked about two annuity withdrawal checks made out two a third party company [for the benefit of the client’s name] showing the address of [his] office location.” The disclosure states further that the firm since received letters asserting that the client “recalls authorizing the withdrawals and the mailing address,” and that “the registered agent for the third party company was believed to be related to” Mr. Mukherjee.
According to the Financial Industry Regulatory Authority, Shomir Mukherjee holds 22 years of securities industry experience. Based in Westlake Village, California, he has been a broker and investment advisor with Westlake International Securities since 2015. His past registrations include Citigroup Global Markets (Tarzana, California; 2007-2015), Citicorp Investment Services (Canooga Park, Califoria; 2001-2007), Salomon Smith Barney (New York, New York; 2001), and Painewebber Incorporated (Weehawken, New Jersey; 2000-2001).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 Combined State Law Examination, or Series 66. He is licensed in California, New York, and Texas. (Information current as of July 19, 2022.)
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