Fuad Ahmed and Success Trade Securities—Securities Fraud

investment fraud attorney ClevelandFuad Ahmed and Success Trade Securities Allegedly Engaged in Securities Fraud and Sold Unregistered Securities without the Benefit of an Exemption

Fuad Ahmed and Success Trade Securities allegedly engaged in securities fraud and sold unregistered securities without the benefit of an exemption, according to a FINRA Complaint currently under review by attorneys Jason Kane and Joe Peiffer.

STS is a “deep discount online broker-dealer” and operates under the names of just2Trade.com and LowTrades.com, according to the Complaint. STS was incorporated in DC but also operates from a branch office in McLean, Virginia.

Fuad Ahmed and Success Trade Securities Alleged Four-year $19.4 Million Fraud Scheme Involving 65 Investors, 59 of Whom Allegedly Incurred Losses Totaling $13.7 Million

Fuad Ahmed and Success Trade Securities allegedly ran a four-year $19.4 million fraud scheme involving 65 Investors, 59 of whom allegedly incurred losses totaling $13.7 million, according to the Complaint.

The Complaint also notes that the Parent Company allegedly sold promissory notes to 23 non-accredited investors who also were not sophisticated, and that most of the non-accredited investors were under 23 years of age.

As a result, according to the Complaint, a FINRA Hearing Panel has ordered Ahmed to make restitution, totaling $ I 3.7 million, to 59 customers.

The Peiffer Wolf Investor Rights Lawyers Help Investors

The Peiffer Wolf investor rights lawyers often represent investors who lose money as a result of alleged securities fraud. 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 securities fraud may contact the investor rights lawyers at Peiffer Wolf, Jason Kane or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at 585-310-5140.

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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.