Liju Varghese Allegedly Engaged in Unauthorized Trading; Varghese Fell Under Internal Review after Allegations of Submitting Unfunded Annuity Applications

Liju Varghese allegedly engaged in unauthorized trading, according to a Final Regulatory

Action disclosed on Varghese’s FINRA BrokerCheck Report under review by investor rights attorney lan Rosca.

The aforementioned dispute was filed on January 2, 2019, FINRA states. FINRA began its investigation following the filing of a Form U5 by Varghese’s member firm, Pruco Securities, LLC.

Varghese was under internal review following allegations that he allegedly submitted several annuity applications that were never funded which allowed him to receive compensation that he was reportedly not entitled to, FINRA notes.

Liju Varghese was registered with Pruco Securities, LLC in Howard Beach, New York from June 13, 2016 through March 29, 2018, FINRA notes. Varghese reportedly voluntarily resigned from Pruco Securities on February 28, 2018, FINRA states.

Investor rights attorney Alan Rosca, of the Goldman Scarlato & Penny PC law firm, is investigating activity related to Liju Varghese’s alleged unauthorized trading. Investors who believe they may have lost money in activity related to Liju Varghese’s alleged unauthorized trading are encouraged to contact attorney Alan Rosca with any useful information or for a free, no obligation discussion about their options.

Liju Varghese Barred by FINRA

Liju Varghese was barred by FINRA after allegedly refusing to appear for FINRA on-the-record testimony in connection with an investigation into the aforementioned alleged unauthorized trading, FINRA states.

Varghese, without admitting or denying the findings, allegedly consented to the sanction and to the entry of findings that he refused to appear for FINRA on-the-record testimony, FINRA states.

Liju Varghese has two years in the securities industry with eight years of experience in the securities industry with two different firms. Varghese was also registered with MML Investors Services, LLC in Syosset, New York from February 8, 2010 until June 14, 2010, FINRA states..

Finally, it is important to note that, as of the date of this article, there has not been a finding of liability as to the complaints mentioned in this article, unless otherwise indicated.

Securities Lawyer Investigating

The Goldman Scarlato & Penny PC law firm represents investors who lose money as a result of investment-related fraud or misconduct and are currently investigating Liju Varghese’s alleged unauthorized trading. The firm takes most cases of this type on a contingency fee basis and advance the case costs, and only gets paid for their fees and costs out of money recovered for clients. Attorney Alan Rosca, a securities lawyer and adjunct professor of securities regulation, and has represented thousands of victimized investors across the country and around the world in cases ranging from arbitrations to class actions.

Investors who believe they lost money as a result of Liju Varghese’s alleged unauthorized trading may contact attorney Alan Rosca for a free no-obligation evaluation of their recovery options, at 888-998-0530, via email at rosca@lawgsp.com, or through the contact form on this webpage.

filed under: Investigations

Tags: , , , ,

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 updates 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. Also, the brokercheck report linked to some of our blogs is the up-to-date version as of the date of posting. Visitors may check the most recent version of each brokercheck report at www.finra.org.