Our firm is investigating Concorde Investment Services, LLC financial advisor Amit Jonathan Urban (CRD# 6855682) of Ann Arbor, Michigan for potential investment-related misconduct.
Financial Advisor’s Career History
Based on his publicly reported registration and employment history, Urban’s securities-industry background includes:
- Emerson Equity LLC (Associate) — 09/2017 to 11/2017 (San Mateo, California)
- LightPath Capital, Inc. (Registered Agent) — 11/2017 to 09/2019 (Los Angeles, California)
- Concorde Investment Services, LLC (Registered Representative) — 09/2019 to Present (reported employment location: Livonia, Michigan; branch address listed in Ann Arbor, Michigan)
Amit Jonathan Urban Fraud Allegations and Investor Complaints Explained
FINRA BrokerCheck reflects one pending customer dispute reported for Urban.
Pending FINRA Arbitration Alleging Sales-Practice Violations
According to the BrokerCheck disclosure event details, a customer alleges failure to conduct proper due diligence, misrepresentation, omissions, and an unsuitable recommendation in connection with a January 2023 investment.
Key reported data points include:
- Forum: FINRA Arbitration
- Case No.: 25-02276
- Filing Date: 10/17/2025
- Date Complaint Received: 11/03/2025
- Status: Pending
- Product Type: Direct Investment – DPP & LP Interests (Direct Participation Programs and Limited Partnership interests)
- Alleged Damages: $475,000
Disclosure Summary (For Context)
- Customer Dispute (Pending): Alleged due diligence failures, misrepresentation/omissions, and unsuitable recommendation tied to a January 2023 Direct Investment (DPP & LP Interests). Status: Pending. Alleged damages: $475,000. (FINRA Arb. 25-02276, filed 10/17/2025)
To obtain a copy of Amit Jonathan Urban’s FINRA BrokerCheck report, visit this link.
Robert Wayne Pearce Is Committed to Recovering Your Investment Losses
FINRA Rule 2111 (Suitability) is central to disputes alleging an unsuitable recommendation. In practice, the rule requires that any recommendation be suitable in light of the customer’s investment profile (e.g., objectives, risk tolerance, liquidity needs, time horizon, and overall financial circumstances). When the alleged product is a direct investment in DPP/LP interests, suitability issues often focus on whether the investor could reasonably bear the risks commonly associated with alternative investments—such as illiquidity, valuation complexity, concentration risk, and heightened downside exposure—before the recommendation was made.
FINRA Rule 2210 (Communications with the Public) is frequently implicated when allegations include misrepresentation or omissions. The rule generally requires broker-dealer communications to be fair and balanced and not misleading. In the context of a customer claim alleging misrepresentation/omissions, the key questions often include what was said (and what was not said) about the investment’s material risks, liquidity constraints, fees, and potential conflicts, and whether the communications created an inaccurate impression that influenced the investment decision.
FINRA Rule 2090 (Know Your Customer) can be relevant when a claim alleges failures tied to due diligence and recommendations that did not match the customer’s circumstances. The rule requires reasonable diligence to understand essential facts about the customer and the authority of any person acting on the customer’s behalf. In a case alleging unsuitable recommendations and inadequate diligence, the analysis often turns on whether the advisor and firm obtained and documented sufficient client information to evaluate whether the January 2023 investment aligned with the investor’s needs and risk capacity.
Losing your savings to a dishonest broker or advisor can be devastating, but you do not have to face it alone. Robert Wayne Pearce and his team have spent over four decades helping investors who were misled or defrauded by Wall Street firms. The Law Offices of Robert Wayne Pearce, P.A. takes cases nationwide on a contingency fee basis. You pay nothing unless we recover your losses. Call (800) 732-2889 or email pearce@rwpearce.com today for a free and confidential consultation.