UPDATE! ACCELERATED CAPITAL GROUP and BAHRAM MIRHASHEMI
Accelerated Capital Group Target of FINRA Complaint Regarding Bahram Mirhashemi
Have you lost money with financial advisor Bahram Mirhashemi of Irvine, California, formerly with Accelerated Capital Group? We are continuing our investigation into allegations made by FINRA, the Financial Industry Regulatory Authority, against Bahram Mirhashemi and Accelerated Capital Group. In February 2016, FINRA barred Mirhashemi from the securities industry regarding allegations that he excessively traded or churned customer accounts, that he was trading Class “A” share mutual funds, and that he failed to disclose numerous tax liens on his CRD report. Some of these customers were elderly and on a fixed income.
In December 2017, FINRA brought a separate complaint against Accelerated Capital Group, alleging that it failed to properly supervise Mirhashemi. FINRA alleged that Mirhashemi’s conduct caused customers to lose over $900,000. FINRA further alleged that Accelerated Capital Group’s supervisory failures allowed several brokers at its Irvine, California branch office to use pre-signed and altered documents to facilitate opening new accounts and disbursing funds.
Bahram Mirhashemi was a financial advisor and registered representative of Accelerated Capital Group from September 2012 to January 2106. He worked at a branch office in Irvine, California. Mirhashemi has at least eight customers complaints on his record and at least four tax liens.
Brokerage firms like Accelerated Capital Group have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.
Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado and the Seattle area. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in California. Our attorneys have represented over one thousand investors against many brokerage firms in the past.
Click to view: Mirhashemi FINRA AWC
Click to view: Mirhashemi BrokerCheck 2.26.16
Click to view: ACG FINRA COMPLAINT
If you lost money with Bahram Mirhashemi or Accelerated Capital Group, please CONTACT US at 720-599-3505 for a free evaluation of your case.
Israels & Neuman, PLC is a private law firm and is not affiliated with any government or law enforcement agency. Any investigation referenced in this blog is independent in nature and is being conducted by our law firm privately, not in conjunction with any government or law enforcement agency. All information contained in this blog should be deemed statements of opinion derived from the author’s review of public records, not statements of fact. This blog is advertising material and does not create an attorney client relationship, nor does it constitute legal advice. Everyone’s situation is different and the question of whether or not you have a claim will vary on a case-by-case basis. In contingent representation, clients may still be liable for costs.