Rajesh Markan

Attorneys at ChapmanAlbin are investigating the actions of Rajesh Markan, a former General Securities Representative, who has been barred from the financial industry by FINRA after refusing to cooperate with an investigation into possible misconduct while employed at Hilltop Securities Inc.

Markan, who had been registered with FINRA since 2002, voluntarily resigned from Hilltop Securities in July 2024. Shortly thereafter, the firm filed a Uniform Termination Notice (Form U5) disclosing that Markan was under internal review for potential fraud, misappropriation of property, and violations of investment-related regulations. In response, FINRA opened an investigation to examine the circumstances surrounding his termination.

On August 22, 2024, FINRA sent a request to Markan for documents and information, as part of its investigation. However, Markan refused to provide the requested materials, despite acknowledging receipt of the request. His refusal to comply with FINRA’s investigation constitutes a violation of FINRA Rule 8210, which mandates cooperation in regulatory inquiries, as well as FINRA Rule 2010, which requires individuals to observe high standards of commercial honor.

As a result of his failure to cooperate, Markan has been barred from associating with any FINRA member in any capacity. This bar is effective immediately and prohibits him from working in the securities industry, including in clerical or administrative roles. The sanctions reflect FINRA’s strict policy of enforcing compliance and maintaining integrity within the financial services industry.

If you or someone you know has been affected by the actions of Rajesh Markan or has suffered financial losses as a result of his misconduct, contact ChapmanAlbin today. Our experienced attorneys can help you recover your losses. We offer free consultations to evaluate your case and discuss your legal options.