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Ash Narayan and RGT Capital Management, Ltd. - Shustak Reynolds & Partners is Investigating Claims

By Erwin J. Shustak, Esq.  of Shustak Reynolds & Partners, P.C. posted on Friday, March 25, 2016.

RGT Wealth Advisors, a division of RGT Capital Management, Ltd., with offices in Irvine, California and Texas, terminated Ash Narayan, one of its advisors working out of the Irvine, California office February 17, 2016.  According to filings the firm made with federal authorities, as a result of an internal investigation by RGT, RGT disclosed to the United States Securities Exchange Commission “information concerning certain conduct by Mr. Narayan.  The SEC subsequently RGT letter requests for documents and information concerning Mr. Narayan”.  Also according to RGT, a number of RGT clients who dealt with Mr. Narayan made “…certain investments on the recommendation of Mr. Narayan” which lead to his termination from the firm.

According to sources, Narayan was encouraging RGT clients to invest in one or more funds which may not have been approved investments of the firm and which may have been unsuitable for those clients.  RGT is, according to its filed documents, “continuing to respond to follow up requests by the SEC”.

We are investigating possible actions against RGT for clients of that firm, particularly clients whose accounts were serviced by Ash Narayan.  We have reason to believe that Narayan, and possibly others at RGT working out of the firm Irvine, California office may inappropriate, unapproved investments to clients.  We are happy to consult with RGT former and present clients to see if they have been victimized by Narayan or RGT.

Shustak Reynolds & Partners, P.C.  focuses its practice on the securities industry and matters affecting broker-dealers, registered representatives and the financial services sector.  For more information, contact Erwin J. Shustak, managing partner, at [email protected]om, or call 800.496.5900 for a free consultation.

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