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Broker Maziar Monshi In $3.9M Customer Dispute

Mazair Monshi (CRD#: 2629721, aka “Mazi Monshi”) is a currently registered broker and investment advisor employed with IFP Securities, LLC (CRD#: 297287) of Boca Raton, FL. His previous employers include LPL Financial LLC (CRD#:6413) and Ameriprise Financial Services, Inc. (CRD#:6363), also of Boca Raton, and Raymond James Financial Services (CRD#:6694) of Boynton Beach, FL. He has been in the industry for 24 years. Monshi is the subject of a currently pending customer dispute filed on 9/9/2020 alleging that he made recommendations for unsuitable investments for BDCs, REITS, and “other high-commission illiquid investment recommendations.” BDCs, or Business Development Company, is one that makes money by investing in companies, including up-and-coming companies, with debt financing. The BDC collects the interest payments and passes them onto the BDC shareholders who are purchasing a part of the company or are “counseling” (taking over) the company’s management. Owning stock and senior secured bonds and loans are additional ways for a BDC to profit. While publicly traded BDCs allow investors access to their monies, venture capital and private equity funds do not.Mazair Monshi (CRD#: 2629721, aka “Mazi Monshi”) is a currently registered broker and investment advisor employed with IFP Securities, LLC (CRD#: 297287) of Boca Raton, FL. His previous employers include LPL Financial LLC (CRD#:6413) and Ameriprise Financial Services, Inc. (CRD#:6363), also of Boca Raton, and Raymond James Financial Services (CRD#:6694) of Boynton Beach, FL. He has been in the industry for 24 years.

Monshi is the subject of a currently pending customer dispute filed on 9/9/2020 alleging that he made recommendations for unsuitable investments for BDCs, REITS, and “other high-commission illiquid investment recommendations.”

BDCs, or Business Development Company, is one that makes money by investing in companies, including up-and-coming companies, with debt financing. The BDC collects the interest payments and passes them onto the BDC shareholders who are purchasing a part of the company or are “counseling” (taking over) the company’s management. Owning stock and senior secured bonds and loans are additional ways for a BDC to profit. While publicly traded BDCs allow investors access to their monies, venture capital and private equity funds do not.

Real Estate Investment Trusts, or REITS, are companies that own, operate and finance income-producing real estate. Investors can earn returns from the real estate’s rents and other income, but don’t have to own, finance, purchase or otherwise handle the property on their own. REITs invest in a range of property types, such as office buildings, retail centers, apartment buildings and complexes, hotels, medical facilities, cell towers and data centers. Investing in publicly traded REITS are highly liquid, and can offer investors a steady stream of income, but not much in capital appreciation.

Monshi has two previous customer disputes in his record, both settled. The first, filed 2/21/2008, alleges that there was a “trade error” when the client requested the purchase of $300,000 of insured municipal bonds. Monshi executed the sale, but the bonds were not insured. Raymond James settled the claim for $39,151.00.

The second customer dispute was filed 7/15/2003 by a client who alleged that the interest rate on her variable rate annuity was misrepresented by Monshi. The client requested damages of $7,500.00. WM Financial Services offered the client the opportunity to surrender the policy and reimburse her for surrender charges, which totaled $5,796.76. The client accepted the firm’s offer.

Have You Invested With Mazair Monshi?

Silver Law Group represents investors in securities and investment fraud cases. Our lawyers are admitted to practice in New York and Florida and represent investors nationwide to help recover investment losses due to stockbroker misconduct. If you have any questions about how your account has been handled, call to speak with an experienced securities attorney. Most cases are handled on a contingent fee basis, meaning that you won’t owe us until we recover your money for you. Contact us today and let us know how we can help.

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