According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Akshay Niranjan (Niranjan), previously associated with Barclays Capital Inc., has at least one disclosable event. These events include one tax lien, alleging that Niranjan recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a final customer complaint on January 13, 2025.
The Securities and Exchange Commission (‘Commission’) deems it appropriate and in the public interest that public administrative proceedings be, and hereby are, instituted against Akshay Niranjan (‘Respondent’). In anticipation of the institution of these proceedings, Respondent has submitted an Offer of Settlement which the Commission has determined to accept. The commission finds that On October 31, 2022, a judgment was entered by consent against Niranjan, permanently enjoining him from future violations of Section 10(b) of the Exchange Act and Rule 10b-5 thereunder, in the civil action entitled Securities and Exchange Commission v. Brijesh Goel & Akshay Niranjan, Civil Action Number 1:22-CV-06282, in the United States District Court for the Southern District of New York. The Commission’s complaint alleged that Niranjan committed unlawful insider trading in the securities of four issuers while employed by the global corporate banking institution. On July 23, 2022, Niranjan entered into a non-prosecution agreement with the United States Attorney’s Office for the Southern District of New York concerning the conduct alleged in the Commission’s complaint.
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