According to a recent Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA), Davood Kohan was accused of violating securities rules and regulations. Allegedly, in 2013, a customer complained to Mr. Kohan regarding losses in her account. Kohan agreed to pay the customer $1,000 per month. This is against securities rules and regulations. Kohan was fined $5,000 and suspended for two months from the industry. If you invested money with Mr. Kohan, you may be able to recover those losses in the FINRA arbitration forum on a contingency fee basis. His former firm, First Allied Securities, may be liable for losses. The call is free with no obligation, so please call today.
Davood Kohan was registered with IDS Life Insurance Company in Minneapolis, Minnesota from February 1994 until November 1997, American Express in Minneapolis, Minnesota from February 1994 until November 1997, Sunpoint Securities in Longview, Texas from February 1998 until March 1999, FFP Securities in San Francisco, California from April 1999 until May 2008 and First Allied Securities in San Francisco from May 2008 until December 2015. He has two customer disputes against him.