Lilia Nia (Niyazova) Suspended by FINRA
According to public records, in August 2021, Lilia Nia (Niyazova) was suspended by FINRA for one year after she consented to the sanctions that she made unauthorized transactions in a community bank account, which was her member firm customer, without obtaining instructions from any person authorized to conduct trading for the bank. The trading for the bank generated allegedly approximately $1 million in commissions for Nia, more than $370,000 of which she allegedly transmitted to the other representative through a series of separate business and financial transactions. Because the firm lacked its own fixed-income trading desk, it was frequently required to use a "broker's broker" to acquire fixed income securities for the bank, which allegedly resulted in it paying approximately $1.25 million in markups to the broker's broker, in addition to commissions to the firm. As a result of this trading, the bank also spent more than $600,000 to remediate the risk of its investment portfolio.
Fortunately for investors who suffered losses with Lilia Nia (Niyazova), they may be able to pursue recovery of those losses against the brokerage or financial services firm that Lilia Nia was associated with.
How Can I Recover Money from My Investment Losses with Lilia Nia aka Lilia Niyazova?
If you are an investor who has suffered losses investing with financial advisor Lilia Nia (Niyazova), you may be able to pursue recovery of your losses through FINRA arbitration. Please call Kons Law Firm at (860) 920-5181 for a FREE, NO OBLIGATION consultation to discuss your investment loss recovery options.
Kons Law Firm represents investors throughout the United States in securities arbitration and litigation matters. To learn more about the Firm’s securities litigation and FINRA arbitration practice, please visit www.investmentfraudattorneys.com.