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Investors Allege Oybek Giyazov Made Misrepresentations

Oybek Giyazov (CRD #: 5511723), a broker registered with Wells Fargo Clearing Services, allegedly made misrepresentations, according to his BrokerCheck record, accessed on November 22, 2024. Investors may have also engaged his services through Wells Fargo Advisors. If you have questions about his alleged conduct as a broker, keep reading.

Investor Dispute

On September 27, 2024, multiple investors filed a dispute alleging that Oybek Giyazov made misrepresentations and recommended unsuitable investments. This dispute is pending.

FINRA Rule 2020

FINRA Rule 2020 prohibits the misrepresentation of investments and omission of material facts. Material facts include information about an investment’s potential fees, expenses, and returns.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to recommend securities that suit an investor’s financial goals. Brokers must consult the investor’s profile, which describes their tax status, age, risk tolerance, and other information when recommending investments.

Investors who rely on their broker for recommendations may be able to recoup their losses through FINRA arbitration.

Background Information

Oybek Giyazov has passed the following exams:

  • Series 66 – Uniform Combined State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 – General Securities Representative Examination

Oybek Giyazov is a registered broker in 26 states and a registered investment adviser in California and Texas.

He has also worked for Wells Fargo Investments (CRD#:10582)

Kurta Law Can Help

If you worked with Oybek Giyazov and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf. 

 

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