Sanjay Goswami Allegedly Executed Improper Outside Business Activity Including False and Misleading E-mails to Potential Investors
The investment recovery lawyers at Peiffer Wolf Carr & Kane are currently investigating Sanjay Goswami for allegedly engaging in outside business activity.
From May 2011 through October 2012, while still registered with Paribas Securities Corp., or PNB, Goswami allegedly engaged in business activity outside the parameters of his relationship with PNB, according to a FINRA Letter of Acceptance, Waiver and Consent (AWC) currently being reviewed by attorneys Joe Peiffer and Jason Kane.
In a litany of reported violations, Goswami allegedly failed to provide prior written notice to PNB before engaging in this business activity, shot out emails and sales material to potential institutional investors, riddled with false, misleading and unsubstantiated statements concerning the outside business activity and his and PNB’s involvement in said business, according to the AWC which Joe Peiffer and Jason Kane are currently perusing.
Goswami Was Allegedly involved with DIG
Around May 2011, Goswami allegedly became involved in the launching of a venture capital fund referred to as DIG Capital, DIG Capital Fund I and/or Venture Capital Royalty Fund, or DIG, the AWC further notes.
To be exact, Goswami allegedly acted as an advisor to DIG, and reportedly arranged introductions for DIG with service providers and institutional investors, reviewed and provided comments on DIG’s marketing materials and distributed those marketing materials to the potential institutional investors, DIG and represented to investors that he was heavily involved in its launch, according to the AWC which Joe Peiffer and Jason Kane are currently reviewing.
Goswami Fined and Suspensded
Sanjay Goswami received a 60-day suspension from association with any FINRA member in any capacity, and a $7,500 fine in response to his alleged misconduct whilst at PNB.
Investment Fraud Attorneys Recovery Lawyers Investigating
The Peiffer Wolf Carr & Kane investment recovery lawyers often represent investors who lose money as a result of investment fraud, or stockbroker misconduct. They are currently investigating the Goswami case, and the possibility of assisting any victims. 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 Goswami’s alleged misconduct may contact the securities lawyers at Peiffer Wolf Carr & Kane, Jason Kane or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at (585) 310-5140.
Broker: Sanjay Goswami
Status: INVESTIGATED by Peiffer Rosca.
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