Roshan A. Loungani—Recommending Unsuitable Investments

investment fraud attorney ClevelandRoshan A. Loungani Allegedly Recommended and Effected Purportedly Unsuitable Investments for Two Customers Involving the Purchase of Limited Partnership Interests in Two Hedge Funds that Loungani Created and Managed

Roshan A. Loungani allegedly recommended and effected unsuitable investments for two customers involving the purchase of limited partnership interests in two hedge funds that Loungani created and managed, according to a recent FINRA Letter of Acceptance, Waiver, and Consent (AWC) currently under review by attorneys Alan Rosca and James Booker.

Roshan A. Loungani, between June 2009 and March 2012, allegedly recommended and effected unsuitable investments for two customers totaling approximately $658,000 involving the purchase of limited partnership interests in the two aforementioned hedge funds, Loungani Capital Group, LP (LCG, LP) and Loungani Capital Group II, LP (LCG II, LP), the AWC further alleges.

The Peiffer Rosca Wolf securities lawyers are currently investigating Roshan A. Loungani’s alleged unsuitable recommendations.

Roshan A. Loungani Reportedly Suspended and Ordered Restitution by FINRA in the Amount of Nearly $70,000 for Unsuitable Recommendations in Loungani Capital Group, LP (LCG, LP) and Loungani Capital Group II, LP (LCG II, LP)

Roshan A. Loungani, based on the aforementioned behavior, allegedly violated NASD and FINRA Rules and hence, has been suspended by FINRA and ordered restitution in the amount of almost $70k, according to the aforementioned AWC being examined by attorneys Alan Rosca and James Booker.

The two hedge funds that Loungani created and managed,  Loungani Capital Group, LP (LCG, LP) and Loungani Capital Group II, LP (LCG II, LP), purportedly employed a high-risk trading strategy and use of aggressive options trading and were not suitable for the customers based on their investment objectives and risk tolerances, the AWC further alleges.

One should also note that, according to the AWC, Roshan A. Loungani 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 allegedly unsuitable investment recommendations and are currently investigating Roshan A. Loungani’s allegedly unsuitable investment recommendations.  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 Roshan A. Loungani’s alleged engagement in a private securities transaction are encouraged to contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or James Booker, for a free no-obligation evaluation of their recovery options, at 888-998-0520.

Alan Rosca (1180 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.