October 19, 2023
FINRA Default Decision
Megurditch Patatian recommended unsuitable purchases of non-traded REITs amongst other violations, including impersonating an investor, causing his firm to maintain inaccurate records. The Hearing Panel found that he violated FINRA’s suitability rules. Patatian was barred from associating with any FINRA member and was ordered to disgorge commissions, pay restitution, and offer rescission.
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