Public records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on March 17, 2019 indicate that Florida-based Merrill Lynch broker/adviser Neil Mehta, who has received a pending customer dispute, recently resigned from a former employer in connection to alleged rule violations and is currently not affiliated with any broker-dealer firm. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Mehta (CRD# 5802739).
Neil Mehta has spent eight years in the securities industry and has been registered with Merrill Lynch in Fort Lauderdale, Florida since 2016. Previous registrations include JP Morgan Securities in Pompano Beach, Florida (2012-2016) and Chase Investment Services in Pompano Beach, Florida (2010-2012). He has passed four securities industry examinations: Series 66 (Uniform Combined State Law Examination), which he obtained on November 2, 2011; SIE (Securities Industry Essentials Examination), which he obtained on October 1, 2018; Series 7 (General Securities Representative Examination), which he obtained on October 11, 2011; and Series 6 (Investment Company Products/Variable Contracts Representative Examination), which he obtained on June 30, 2010. He is a registered broker and investment adviser with 13 US states and territories: California, Colorado, the District of Columbia, Florida, Georgia, Indiana, Maryland, Michigan, New Jersey, New York, North Carolina, Texas, and Virginia.
According to his BrokerCheck report, he has received one pending customer complaint and recently resigned from a former employer in connection to alleged rule violations.
In January 2019 a customer alleged Neil Mehta, while employed at JP Morgan Securities, provided a poor recommendation and poor advice in connection to an allegedly unsuitable mutual fund investment. The customer is seeking $110,406 in damages in the pending complaint.
In 2016 he submitted his “voluntary resignation” from his position at JP Morgan Securities after an internal review into allegations he “mistakenly providing two employee family members purchasing mutual funds share prices at NAV, contrary to the terms of the mutual fund families’ prospectuses.”
If you have lost money investing with Neil Mehta, you may be entitled to recoup your losses. Call Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on a contingency basis, which means we only get paid if and when you collect money. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.