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Read MoreViqas Akhtar: Ex-National Securities Advisor Faces Investor Complaint
Miami financial advisor Viqas Akhtar (CRD# 5624412) recently received an investor complaint alleging he engaged in excessive trading. Records maintained by the Financial Industry Regulatory Authority show that he is a broker with B. Riley Wealth Management, having previously been registered with National Securities Corporation.
Mr. Akhtar’s BrokerCheck report discloses multiple investor complaints. The most recent, filed in July 2023, alleges that as a representative of National Securities Corporation, he recommended an unsuitable investment and made excessive trades. The pending complaint alleges unspecified damages.
An earlier investor complaint, filed in 2020, alleged that as a National Securities representative, he recommended an unsuitable private placement. In 2021 the complaint reached a settlement of $37,500.
A third investor complaint, filed in 2020, similarly alleged that he unsuitably recommended a private placement investment. In 2021 the complaint reached a settlement of $37,500. In a statement included with the complaint’s disclosure, Mr. Akhtar defended himself against the allegations. “All investments the claimant made were suitable based on the claimant’s stated objectives for the account,” he wrote, continuing: “The registered representative intends to vigorously defend against these allegations.”
A fourth investor complaint, filed in 2019, alleged unauthorized trading while he was at National Securities. The complaint reached a settlement of $9,539.
According to the Financial Industry Regulatory Authority, Viqas Akhtar holds 13 years of securities industry experience. Based in Miami, Florida, he has been a broker with B. Riley Wealth Management since July 2022. His registration history includes National Securities Corporation (Miami, Florida; 2012-2022). VFinance Investments (Miami, Florida; 2010-2012), and Rockwell Global Capital (Lake Mary, Florida; 2009). 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 currently holds 24 state licenses. (Information current as of September 25, 2023.)
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