Stoltmann Law Offices is investigating Niaz Elmazi, a former broker-dealer with HFP Capital in Arkansas. Elmazi was recently sued by the Arkansas Securities Commissioner for allegedly contacting an Arkansas resident on a cold call recommending the purchase of certain corporate bonds issued by Verso Paper Corp. Elmazi pitched the bonds as a short-term investment and represented that a takeover of the company by its competitor was imminent. He suggested that it would allow Verso bondholders to make a 70% profit on the investment in the next six weeks. Verso bonds were rated as highly speculative. Broker-dealers such as Niaz Elmazi are required to perform due diligence on any investment they recommend and must ensure that all recommendations are suitable for the investor. If they fail to do so, they may be liable for investment losses. Please call us at 312-332-4200 to speak to an attorney to find out how to sue Niaz Elmazi.
Elmazi was registered with Morgan Wilshire Securities, U.S. Securities & Futures, First Republic Group, Raymond James, Murjen Financial, First Montauk Securities, Dawson James Securities, HFP Capital Markets and Global Arena Capital Corp. He has one customer dispute against him. He is not currently registered with any member firm and not licensed within the industry.
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