National investment loss lawyers KlaymanToskes is investigating broker Ed Maklouf a/k/a Ahmad Mohamed Maklouf of Spartan Capital Securities (CRD# 6092943).
According to FINRA BrokerCheck, broker Ed Maklouf, formerly of Spartan Capital Securities, is facing several pending customer complaints seeking $1,745,994 in collective damages for alleged Churning & Unsuitability. One of the complaints allegedly relates to private placement investments in Bright Mountain Media and Kraken. Maklouf has been permanently barred from acting as a broker by FINRA in connection with an investigation into his Outside Business Activities (“OBAs”), including his potential involvement in an outside investment vehicle, while associated with his member firm.
Investors that suffered losses with broker Ed Maklouf are encouraged to contact attorney Lawrence L. Klayman, Esq., at 888-997-9956 or by email at investigations@klaymantoskes.com to discuss potential recovery options. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.
Ed Maklouf, who formerly worked as a broker at Spartan Capital Securities, is facing two customer complaints alleging $1,745,994 in collective investor damages. The complaints allege Churning & Unsuitability, Misrepresentation & Omissions of Material Facts, Breach of Fiduciary Duty, and other securities violations. One of the complaints allegedly relates to private placement investments in Bright Mountain Media and Kraken. Broker Ed Maklouf was permanently barred from acting as a broker by FINRA in November 2024, following FINRA’s investigation into his outside business activities, including his potential involvement in an outside investment vehicle, while he was associated with Spartan. Maklouf reportedly refused to produce information and documents requested by FINRA in connection with its investigation, leading to his permanent bar under FINRA Rule 8210.
As an investor, there are a few signs that you should look out for if you believe you may have a claim against your financial advisor. These signs could potentially indicate misconduct, negligence, or investment fraud. Investors are encouraged 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.
Engaging the services of an experienced securities attorney to evaluate your specific circumstances 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 Ed Maklouf, or have concerns regarding your investment portfolio at Spartan Capital Securities, contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation.
Like Ed Maklouf, other brokers at Spartan Capital Securities have faced allegations of misconduct. Here are additional brokers facing similar claims: