National investment loss lawyers KlaymanToskes is investigating broker Lilia Nia a/k/a Lilia Niyazova (CRD# 6018019) of Purshe Kaplan Sterling Investments and Key Client Fiduciary Advisors, who has been suspended from acting as a broker by the Financial Industry Regulatory Authority (“FINRA”), following allegations that she effected unauthorized transactions in a community bank account, which was her member firm customer, without obtaining instructions from any person authorized to conduct trading for the bank. Nia was also previously hit with a customer complaint alleging $12,000,000 in damages due to breach of fiduciary duty, fraud and unsuitable transactions.
FINRA found that in September 2013, a community bank opened non-discretionary brokerage accounts with Nia at Purshe Kaplan Sterling Investments (“PKS”). From September 2013 through October 2017, 430 trades were reportedly carried out in the bank’s PKS accounts. It is alleged that in hundreds of instances during this period, Nia accepted orders for securities trading in the bank’s PKS accounts from another PKS registered representative and permitted him to place the orders for the bank. The trading for this customer purportedly generated approximately $1 million in commissions for Nia, $370,000 of which she transmitted to the other PKS registered representative through a series of separate business and financial transactions.
According to FINRA BrokerCheck, broker Lilia Nia was previously registered with Purshe Kaplan Sterling Investments from September 2013 to February 2021 in Fairfield, NJ. Lilia Nia is currently registered as an investment advisor with Key Client Fiduciary Advisors in Fairfield, NJ.
Investors that suffered losses with broker Lilia Nia are encouraged to contact attorney Lawrence L. Klayman, Esq., at 888-997-9956 or by email at lawrence@klaymantoskes.com to discuss recovery options. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.
KlaymanToskes is a leading national investment loss law firm that represents the interests of investors throughout the world who have suffered losses due to broker misconduct, investment fraud, and securities violations.
The articles linked below contain important information relating to KlaymanToskes’ investigation of broker Lilia Nia:
If you suffered losses with broker Lilia Nia, contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation.
The firm has helped recover over $600 million* for investors, and can help you determine if your loss is due to financial advisor misconduct, unsuitable investment advice, and/or other securities violations.
*Exclusive of attorneys fees and costs.
As an investor, there are a few signs that you should look out for if you believe you may have a claim against broker Lilia Nia. These signs could potentially indicate broker misconduct, negligence, or investment fraud. Investors are encourage to contact our firm immediately if you have experienced any of the following:
Some investors have close relationships with their brokers due to the time and trust built over the course of their investment relationship. However, it is crucial to remember that financial decisions should be based on careful analysis and due diligence rather than solely relying on personal relationships.
According to FINRA and the SEC, brokerage firms such as Purshe Kaplan Sterling Investments and investment advisory firms such as Key Client Fiduciary Advisors are responsible for the supervision of all of the activities of their registered brokers and investment advisors. Investors may be entitled to a financial recovery if their brokerage firm failed to supervise the representative managing their brokerage account, and/or if their broker/advisor made unsuitable investment recommendations.
Engaging the services of an experienced securities attorney to evaluate the specific circumstances of your case is strongly advised. At KlaymanToskes, our team of experienced securities attorneys has a deep understanding of this complex area of law, allowing us to provide invaluable insight and tailored guidance that directly addresses your individual needs.
If you suffered losses with broker Lilia Nia or have concerns regarding your investment portfolio at Purshe Kaplan Sterling Investments and/or Key Client Fiduciary Advisors, contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation to discuss recovery options.