Arnab Sarkar Allegedly Failed to Properly Notify Northwestern Mutual Investment of Outside Business Activities

California stockbroker fraud attorneyBetween August and September 2012, Arnab Sarkar, of El Cerrito, California, took part in a currency trading and real estate business, Denari Capital LLC, without providing prior written notice to his broker-dealer, Northwestern Mutual Investment Services, LLC (NMIS), a FINRA Letter of Acceptance, Waiver, and Consent (AWC) alleges. Sarkar was associated as an Investment Representative with NMIS, and was permitted to resign on September 25, 2012. In addition, Sakar signed an agreement as a member and manager of Denari Capital, and also opened a bank account for Denari along with two other former NMIS registered representatives, identified as TC and BB, FINRA alleges. Also, in August 2012, Sarkar participated in a private securities transaction, soliciting an investment in Denari Capital, a $300,000 investment from BB, without providing prior written notice to NMIS, the AWC notes.

Sarkar Accepts Sanctions

Sankar, whose actions broke FINRA and NASD rules and regulations, has consented to a suspension from association with any FINRA member firm for 30 days, and a fine of $10,000, the FINRA AWC alleges.

Investment Fraud Lawyers Investigating Sarkar

The Peiffer Rosca securities attorneys often represent investors who lose money as a result of Ponzi schemes, investment fraud, or stockbroker misconduct. They are currently investigating the possibility of assisting victims with the recovery of their losses. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of investment fraud or misconduct may contact the securities lawyers at Peiffer Rosca, Alan Rosca or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at 888-998-0520.

Broker: Arnab Sarkar

Status: INVESTIGATED by Peiffer Rosca.

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Alan Rosca (1168 Posts)

Alan is a securities lawyer. He also teaches Securities Regulation at the Cleveland-Marshall College of Law. He focuses his legal practice on complex commercial and financial litigation and arbitration, particularly in the areas of securities and investment fraud. His office is in Cleveland, Ohio.


In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.