Michael A. Nahass—Outside Business Activities
Michael A. Nahass Allegedly Engaged in Outside Business Activities, Participated as a Director and Officer of a Publicly Traded Company without Notifying Employer Member Firms
Michael A. Nahass, between October 2009 and February 2015, allegedly engaged in outside business activities by participating as a director and officer of a publicly traded company without notifying his employer member firms, according to a recent FINRA Letter of Acceptance, Waiver and Consent (AWC) currently under review by attorneys Joe Peiffer and Alan Rosca.
Michael A. Nahass, who was also registered with FINRA through Arque Capital, Ltd. (Arque) as a general rep, also allegedly failed to disclose to Arque the existence ofan outside securities account in his name, which he opened at another FINRA member firm, the AWC notes.
The Peiffer Rosca Wolf securities lawyers are currently investigating Michael A. Nahass and his alleged outside business activities.
Michael A. Nahass Allegedly Falsely Certified that He Disclosed All of His Outside Business Activities
Michael A. Nahass, between October 2009 and August 2014, submitted a total of five annual compliance questionnaires in which he allegedly falsely certified that he disclosed all of his outside business activities to his employer member firms, according to a recent AWC currently under review by attorneys Joe Peiffer and Alan Rosca.
Furthermore, Michael A. Nahass, between March 2014 and February 2015, allegedly submitted one annual compliance questionnaire to Arque in which he falsely certified that he disclosed all of his outside securities accounts in violation, the AWC reports.
As a result of the aforementioned behavior, Nahass allegedly violated NASD and FINRA Rules. One should also note that, according to the AWC, Michael A. Nahas neither admitted nor denied the FINRA findings.
Securities Lawyers Investigating
The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of alleged outside business activity. They are currently investigating Michael A. Nahass’s alleged outside business activities. 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 Michael A. Nahass’s alleged outside business activities may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or Joe Peiffer, for a free no-obligation evaluation of their recovery options, at 888-998-0520.