Gautam Arora, formerly with TransAmerica Financial Advisors, Barred by FINRA
Have you lost money with financial advisor Gautam Arora? We are looking into allegations made about Gautam Arora from Orange, California. FINRA (the Financial Industry Regulatory Authority) barred him from the securities industry. FINRA alleged that Gautam Arora failed to respond to its investigation. FINRA was investigating Arora regarding allegations he engaged in selling investments (which included promissory notes and lending arrangements) that were not approved by his former brokerage firm, TransAmerica Financial Advisors.
Gautam Arora was a financial advisor and registered representative of TransAmerica Financial Advisors from February 2013 to December 2019. He worked in a branch office in Orange, California. He was also terminated by TransAmerica Financial Advisors.
Brokerage firms like TransAmerica Financial Advisors 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 Phoenix, Arizona; Seattle, Washington; Denver, Colorado; and Ann Arbor, Michigan. We represent investors in FINRA arbitration proceedings in all 50 states, including throughout California. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including against TransAmerica Financial Advisors.