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Dean Mustaphalli Legal Update

An update for investors that sustained losses investing with former Sterne Agee Financial Services Inc. broker Dean Mustaphalli.

Mustaphalli may be barred by the securities industry for allegedly running a $6 million hedge fund.

Mustaphalli was allegedly running a hedge fund without the knowledge of Sterne Agee, therefore, Mustaphalli was able to run the fund without any supervisory systems put in place to protect the unsuspecting public.

Fortunately for those investors that incurred losses investing with Mustaphalli, may be able to recover those losses through the FINRA arbitration process. Under FINRA rules and regulations, Broker-Dealers are responsible for supervising the actions of those advisors registered with their firm, and therefore may be held liable for the actions of Mustaphalli.

Investors that have sustained losses investing with Mustaphalli should call for a free case evaluation to learn what options they may have in pursuing claims against Sterne Agee and/or Mustaphalli.