Neemit Shah, Formerly of Northwestern Mutual, Suspended and Fined Over…

Shah is accused of engaging in undisclosed and unapproved private securities transactions in the amount of $408,000.00

The Sonn Law Group is investigating allegations that Neemit Shah engaged in unapproved, private securities transactions. If you or a family member has suffered losses investing, we want to discuss your case. Please contact us today for a free review of your case.

neemit-shah-suspended-and-finedNeemit Shah (CRD#:4812480) was registered as a broker with Northwestern Mutual from 2019 until 2020. Previously, Shah was registered as a broker with MML Investors Services from 2016 until 2018.

Shah has one disclosure on his BrokerCheck report.

October 2020 Regulatory Judgment

  • Status: Final
  • Initiated By: FINRA
  • Allegations: Without admitting or denying the findings, Shah consented to the sanctions and to the entry of findings that he engaged in undisclosed and unapproved private securities transactions in the total amount of $408,000. The findings stated that Shah solicited investors to purchase securities in a company. The company represented itself as a structured cash flow investment, claiming to purchase pensions at a discount from pensioners and then selling a portion of those pensions as a pension stream to investors. Shah received a total of $8,160 in commissions in connection with the transactions. Shah’s failure is aggravated by the fact that he made a false attestation to his member firm that he did not participate in private securities transactions. The findings also stated that the company ceased business, owing nearly $300 million in unpaid investor payments. In an indictment, the United States charged the company and its owner with conspiracy to engage in mail and wire fraud related to the company’s operations.
  • Resolution: Acceptance, Waiver & Consent (AWC)
  • Sanctions: Civil and Administrative Penalty(ies)/Fine(s)
  • Amount: $5,000.00
  • Sanctions: Suspension
  • Registration Capacities Affected: All Capacities
  • Duration: Six months
  • Start Date: 10/19/2020
  • End Date: 4/18/2021

Contact Us Today

The Sonn Law Group is currently investigating allegations that Neemit Shah engaged in unapproved, private securities transactions. We represent investors in claims against negligent brokers and brokerage firms. If you or your loved one experienced investment losses, we are here to help. For a free consultation, please call us now at 866-827-3202 or complete our contact form.

Share Review:
Yes it is. Based on the user review published on NO-SCAM.com, it is strongly advised to avoid Neemit Shah, Formerly of Northwestern Mutual, Suspended and Fined Over Alleged Unapproved, Private Securities Transactions in any dealing and transaction.
Not really. In spite of the review published here, there has been no response from Neemit Shah, Formerly of Northwestern Mutual, Suspended and Fined Over Alleged Unapproved, Private Securities Transactions. Lack of accountability is a major factor in determining trust.
Neemit Shah, Formerly of Northwestern Mutual, Suspended and Fined Over Alleged Unapproved, Private Securities Transactions is rated 1 out of 5 based on the reviews submitted by our users and is marked as POOR.
Never trust websites which offer a shady ‘advocacy package’ to businesses. Search for relevant reviews on Ripoff Report and Pissed Consumer to see more unbiased reviews.
The above review and comments against Neemit Shah, Formerly of Northwestern Mutual, Suspended and Fined Over Alleged Unapproved, Private Securities Transactions were submitted by NO-SCAM.com user(s) and have been published as-is. NO-SCAM.com does not edit, alter or remove content published by it’s users. There’s no amount of money a business can pay to manipulate their reviews or complaints and NO-SCAM.com will NOT entertain any request to remove the review on Neemit Shah, Formerly of Northwestern Mutual, Suspended and Fined Over Alleged Unapproved, Private Securities Transactions at any cost whatsoever.
>