Abida Khan, aka Sheik Firdosh Kahn a registered representative from Pasadena, California, formerly with Ameritas Investment Corporation and Pruco Securities was barred from FINRA membership as a result of SEC proceedings into her role in brokering transactions in VGTL. According to the SEC, Khan received bribes from the seller of VGTL shares in order to persuade her clients to participate in the transactions. On March 22, 2017 a jury found Khan guilty of engaging in manipulative and deceptive conduct pertaining to the VGTL transactions. As a result, Khan was barred from the securities industry.
Abida Khan’s registration and disciplinary history
In order to lawfully sell investments to the public, one must either be registered or exempt from registration.