UPDATE ON ENVER ALIJAJ INVESTIGATION-See this for details on currently pending customer disputes and other disclosure items on Enver Alijaj.
A Financial Industry Regulatory Authority arbitration panel in Albuquerque, New Mexico ordered former JHS Capital Advisors, LLC broker Enver Rahman Alijaj to pay $1 million to a former client who alleged that his account had been churned, and that he breached his fiduciary duty and was negligent and other claims.
The claims related to common stocks including Sigma Designs, Local.com Corp, Silicon Motion Technology Corp., Delta Petroleum Corp. and Yingli Green Energy Holding Company, Ltd.
In addition, Alijaj was ordered to pay interest 8.75% from September 2008, $100,000 in attorney fees and about $18,000 in costs. The former client Jerry Camilli sought $1.3 million and had previously settled his case against JHS for a confidential amount.
According to the Wall Street Journal, Camilli has another claim pending against Alijaj for $2.7 million in losses which were suffered in his account while Alijaj was working for another firm, Meyers Associates, LP.
FINRA records report Alijaj was employed in the securities most recently as follows:
- 4/2013-8/2013 Avenir Financial Group
- 12/2010-4/2013 Legend Securities Inc.
- 4/2010-12/2010 First Midwest Securities
- 6/2009-4/2010 JHS Capital Securities
If you have losses in an account handled by Enver Alijaj, you may be able to recover damages from his former employer.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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