Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Paul Touradji (Touradji), previously associated with Barclays De Zoete Wedd Securities Inc., has at least one disclosable event. These events include one regulatory, alleging that Touradji recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a final customer complaint on January 10, 2025.
The Securities and Exchange Commission (‘Commission’) deems it appropriate and in the public interest that public administrative and cease-and-desist proceedings be, and hereby are, instituted pursuant against Touradji Capital Management LP (‘Touradji Capital’) and Paul Touradji (‘Touradji,’ and, with Touradji Capital, ‘Respondents’). In anticipation of the institution of these proceedings, Respondents have submitted an Offer of Settlement (the ‘Offer’) which the Commission has determined to accept. On the basis of this Order and Respondents’ Offer, the Commission finds that these proceedings concern violations of the Advisers Act by Touradji Capital, formerly an investment adviser registered with the Commission, and Touradji, Touradji Capital’s founder, owner, and sole employee. Specifically, Touradji Capital did not withdraw its registration as an investment adviser notwithstanding the firm having less than $90 million in regulatory assets under management, thereby violating Section 203A of the Advisers Act and Rule 203A-1 thereunder. In addition, Touradji Capital did not respond to requests for documents by the Commission’s Division of Examinations, thereby violating Section 204(a) of the Advisers Act. Touradji, as Touradji Capital’s owner and sole employee, caused Touardji Capital’s violations. As a result of the conduct described above, Touradji Capital willfully violated Section 203A of the Advisers Act and Rule 203A-1(a) thereunder; Touradji Capital willfully violated Section 204(a) of the Advisers Act; and Touradji, as owner, chief executive officer, and sole employee of Touradji Capital, caused Touradji Capital’s violations of Sections 203A and 204(a) of the Advisers Act and Rule 203A-1(a) thereunder
