Ash Narayan — Misappropriation of Client Funds, Investment Fraud
Ash Narayan, of Irvine, California Dealing with Interim Suspension Delivered by the Certified Financial Planner Board of Standards, Inc. (CFP Board)
Ash Narayan, of Irvine, California, must face the consequences of an interim suspension from the Certified Financial Planner Board of Standards, Inc. (CFP Board), according to reports from the CFP under examination from attorneys Joe Peiffer and James Booker.
Things came to light on October 25th after the CFP Board caught word that Narayan was the seminal defendant in an SEC Complaint which alleges that he misappropriated funds and orchestrated an investment scam, according to the aforementioned CFP documents.
The Peiffer Wolf securities lawyers are investigating Ash Narayan, are speaking with investors, and are preparing to take action on the case.
Ash Narayan Making Appearance before CFP Board with Burden to Prove Behavior Did Not Reflect Poorly Upon Reputation of CFP
Ash Narayan allegedly orchestrated an investment fraud wherein he persuaded several professional athletes to invest in the Ticket Reserve, according to SEC Documents under examination by attorneys Joe Peiffer and James Booker.
Hence, Narayan appeared before the CFP’s Commission where he faced the burden to prove that the aforementioned conduct did not make a situation that presented clear and present hard to the reputation of the CFP marks, according to the aforementioned CFP documents.
The CFP Commission ruled that Narayan did not prove that he did not pose a visible threat to the public and that his his actions did not cause harm on the CFP marks, CFP documents note. In the end Narayan was suspended on an interim basis.
Securities Lawyers Investigating
The Peiffer Wolf securities lawyers often represent investors who lose money as a result of alleged investment fraud and are currently investigating Ash Narayan’s alleged participation in a $33 million investment fraud. They are looking into the case on behalf of investors and are preparing to take action.
Investors who believe they lost money as a result of Ash Narayan’s alleged participation in a $33 million investment fraud may contact the securities lawyers at Peiffer Wolf, Joe Peiffer or James Booker, for a free no-obligation evaluation of their recovery options, at 504-523-2434.