Gautam Arora

Date:

February 5, 2021

Type of alert:

FINRA AWC  

On December 18, 2020, registered representative Gautam Arora consented to a bar from associating with member firms of the Financial Industry Regulatory Authority (FINRA) after refusing to respond to an information request issued pursuant to FINRA Rule 8210.

Arora registered with FINRA when he joined Transamerica Financial Advisors, Inc. (TFA) in Orange, California as an Investment Company and Variable Contracts Product Representative in February 2013. In December 2019, TFA filed a Form U5 notifying FINRA of Arora’s termination, stating “[Arora] solicited various individuals to participate in unapproved investments away from the firm. Additionally, [Arora] entered into lending arrangements and promissory notes with these individuals without receiving prior approval from the firm.”

Upon receiving notice of his termination, FINRA Department of Enforcement issued an information request pursuant to FINRA Rule 8210 regarding the alleged misconduct. Arora initially cooperated with the investigation, but ceased further cooperation in December 2020, thus violating FINRA Rules 8210 and 2010.

Without admitting or denying allegations made against him, Arora consented to a bar from associating with any FINRA member firm in any capacity.

Contact Us If You Believe You Have a Case

  • This field is for validation purposes and should be left unchanged.

This site contains attorney advertising. The attorneys at ChapmanAlbin are licensed to practice law in Ohio and Michigan. Any reference to past cases or successes made herein should not be construed as a guarantee of any future outcome. Each client and each client’s case is unique, and no result or outcome is or can ever be guaranteed. The information provided in this website is offered for general information purposes only; it is not offered as and does not constitute legal advice in any way. // Disclaimer