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Erez Law Investigates Former Northwestern Mutual Investment Services, LLC Broker Manish Shah

Posted on Tuesday, July 9th, 2019 at 8:08 pm    

Northwestern Mutual Investment Services

Were you the victim of former Northwestern Mutual Investment Services, LLC broker Manish Shah (CRD# 4652835)? Shah was registered with Northwestern Mutual Investment Services, LLC in Princeton, New Jersey from 2003 to April 2019, when he was terminated regarding, “Representative was discharged, while under internal review for violating firm policy by borrowing money from a customer, following his admission that he altered a document to make it appear that the customer was a beneficiary on his (lapsed) life policy which he then sent to the customer’s CPA as an attachment in an email, and the firm’s discovery that in response to the firm’s investigation request that he produce all communications between himself and the customer’s CPA, the altered document was not included when the Representative forwarded said email to the firm in response to its request.”

Shah has been the subject of one customer complaint, according to his CRD report:

March 2019. “The customer alleged that the Representative induced her through false representations to lend him $200,000 and also alleged claims including fraud and conversion.” The customer sought $192,901.77 in damages and the case was settled for $145,865.95.

Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Northwestern Mutual Investment Services, LLC may be liable for investment or other losses suffered by Shah’s customers.

Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If and have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.