Our firm is investigating ThinkEquity LLC broker Ramnarain Joseph Jaigobind Jr. (CRD# 2273469) of New York, New York for potential investment-related misconduct.
Stockbroker’s Career History
According to FINRA BrokerCheck, Ramnarain Joseph Jaigobind Jr. has been registered with ThinkEquity LLC (New York, NY) since April 20, 2018.
His reported registration history includes the following firms and time periods:
- ThinkEquity LLC (registered since 04/20/2018)
- Joseph Gunnar & Co. LLC (09/2015 – 02/2018)
- Aegis Capital Corp. (09/2011 – 10/2015)
- Rodman & Renshaw, LLC (05/2008 – 09/2011)
- Maxim Group LLC (10/2002 – 06/2008)
- Investec Ernst & Company (12/2000 – 10/2002)
- GKN Securities Corp. (04/1997 – 12/2000; and 11/1992 – 04/1995)
- EarlyBirdCapital, Inc. (08/2000 – 11/2000)
- The Boston Group (05/1996 – 04/1997)
- Barington Capital Group, L.P. (04/1995 – 06/1996)
- Lehman Brothers Inc. (10/1992 – 11/1992)
FINRA BrokerCheck also reflects that his Form U4 employment history lists him as CEO at ThinkEquity LLC (12/2021–Present), and previously as CEO at Fordham Financial Management, Inc. (ThinkEquity division) (04/2018–12/2021).
Ramnarain Joseph Jaigobind Jr. Fraud Allegations and Investor Complaints Explained
FINRA BrokerCheck reflects one disclosed customer dispute, reported as pending.
Customer Dispute Summary (Pending FINRA Arbitration)
- Forum: FINRA arbitration
- Docket/Case #: 25-02759
- Employing firm at time of alleged conduct: ThinkEquity LLC
- Allegation: Claimant alleges a suitability claim regarding an investment
- Product type: Equity Listed (Common & Preferred Stock)
- Alleged damages: $216,000.00
- Date notice/process served: 12/22/2025
- Status/Disposition: Pending (arbitration pending = Yes)
Disclosure Event List (For Context)
FINRA BrokerCheck lists the following disclosure event for this broker:
- Customer Dispute (Pending) — Alleged suitability claim involving listed equity securities; alleged damages $216,000; FINRA docket 25-02759; notice served 12/22/2025.
Broker’s Statement (As Reported in BrokerCheck)
The disclosure includes a broker statement characterizing the arbitration as “bogus”/“frivolous,” noting the claimant is seeking punitive damages of $700,000 and treble damages of $2,000,000, and stating that Mr. Jaigobind “has been named solely as CEO of the Firm” and “has had no direct contact with Claimant.”
To obtain a copy of Ramnarain Joseph Jaigobind Jr.’s FINRA BrokerCheck report, visit this link.
Robert Wayne Pearce Is Committed to Recovering Your Investment Losses
FINRA Rule 2111 (Suitability) is implicated when a recommendation is alleged to be inconsistent with the customer’s investment profile. Here, the pending FINRA arbitration alleges a suitability claim involving listed equity securities, so a Rule 2111 analysis typically focuses on whether there was a reasonable basis to believe the investment or strategy fit the investor’s objectives, risk tolerance, liquidity needs, time horizon, and overall profile—especially where the claimant asserts significant damages.
FINRA Rule 2090 (Know Your Customer) requires member firms and associated persons to use reasonable diligence to know the essential facts concerning each customer and the authority of each person acting on behalf of the customer. In a dispute framed as a suitability claim, Rule 2090 is often analyzed alongside Rule 2111 because suitability depends on whether the broker and firm gathered, maintained, and appropriately considered the customer’s essential facts when the recommendation was made. (Related background: Know Your Customer.)
FINRA Rule 2010 (Standards of Commercial Honor and Principles of Trade) is a broad conduct rule requiring high standards of commercial honor and just and equitable principles of trade. Where a customer alleges sales-practice misconduct—such as an unsuitable recommendation—Rule 2010 is commonly discussed as an overarching ethical standard that may be implicated by the same alleged conduct, depending on what the evidence shows about how the investment was presented, recommended, and handled. (Additional reading: FINRA Rule 2010.)
For over 45 years, Robert Wayne Pearce has helped investors recover losses caused by broker fraud, negligence, and unsuitable recommendations. His firm, The Law Offices of Robert Wayne Pearce, P.A., represents clients nationwide on a no-recovery, no-fee basis. Call (800) 732-2889 or email pearce@rwpearce.com for a free case review with an experienced securities attorney.