04 Nov Ash Narayan — Misappropriation of Client Funds, Investment Fraud
Ash Narayan Suspended on an Interim Basis by the Certified Financial Planner Board of Standards, Inc. (CFP Board)
Ash Narayan is facing an interim suspension from the Certified Financial Planner Board of Standards, Inc. (CFP Board), according to CFP documents currently being reviewed by attorneys Joe Peiffer and James Booker.
As of October 25th the CFP Board came to know that Narayan was the main defendant in an SEC Complaint which alleges that he misappropriated funds and ran an investment scam, according to the aforementioned CFP documents.
The Peiffer Wolf securities lawyers are investigating the Ash Narayan, are talking to investors, and are preparing to take action on the case.
Ash Narayan Appears before CFP Board with Burden to Prove Conduct Did Not Impinge Upon Reputation of the CFP
Ash Narayan allegedly did not reveal his role to investors as a member of the board and stock ownership in the Ticket Reserve, according to SEC Documents under examination by attorneys Joe Peiffer and James Booker.
Therefore, Narayan appeared before the CFP’s Commission where he faced the burden to prove that the aforementioned conduct did not present serious hazard to the reputation of the CFP marks, according to CFP documents.
The Commission ruled that Narayan was not able to prove that he did not pose an clear threat to the public and that his his actions did not hurt on the CFP marks, CFP documents note. This led to Narayan’s aforementioned suspension.
Securities Lawyers Investigating
The Peiffer Wolf securities lawyers often represent investors who lose money as a result of alleged investment fraud and are currently investigating Ash Narayan’s alleged participation in a $33 million investment fraud. They are looking into the case on behalf of investors and are preparing to take action.
Investors who believe they lost money as a result of Ash Narayan’s alleged participation in a $33 million investment fraud may contact the securities lawyers at Peiffer Wolf, Joe Peiffer or James Booker, for a free no-obligation evaluation of their recovery options, at 216-589-9280.