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JC

Jay K. Chitnis

Some features on this profile are disabled
CRD#: 2038685
JC

Professional summary

Jay Kumar Chitnis was barred by the FINRA from acting as a broker or investment advisor or otherwise associating with a broker-dealer firm.

Jay is a previously registered financial advisor and started their career in finance in 1992. Prior to being barred, Jay had worked at 10 firms, which includes IFS SECURITIES, YIELDQUEST SECURITIES LLC, YIELDQUEST ADVISORS LLC, REGISTER FINANCIAL ASSOCIATES INC., KEYBANC CAPITAL MARKETS INC., WELLS FARGO CLEARING SERVICES LLC, FIRST UNION CAPITAL MARKETS CORP., CIBC WORLD MARKETS CORP., GRUNTAL & CO. L.L.C., STOEVER GLASS & COMPANY INC..

Question & Answer

Are you a "fiduciary"?
No

Aliases

Jay K Chitnis

Other business activities

Outside business activity is any business or activity undertaken by an advisor that is outside the scope of their relationship with their firm (e.g., consulting services, real estate, freelance work, teaching, etc.). Investors should stay informed about these activities to ensure no conflicts of interest.
The advisor shows no other business activity.

Blog Corner

CRS (Client Relationship Summary)

The CRS(Customer Relationship Summary) document is not provided.

Certified licenses

Advisors may have various certifications and credentials from different organizations. AdvisorCheck highlights these seven certifications - AIF®, CFP®, ChFC®, CFA, CLU®, CIMA®, CPWA®
None

Experience

Past

October 21, 2015 - March 1, 2016

IFS SECURITIES

BD
CRD#: 40375
Atlanta, GA
Past

August 4, 2005 - December 2, 2015

YIELDQUEST SECURITIES, LLC

BD
CRD#: 135041
ATLANTA, GA
Past

November 10, 2004 - January 9, 2015

YIELDQUEST ADVISORS, LLC

RIA
CRD#: 132230
ATLANTA, GA
Past

June 21, 2004 - December 2, 2004

REGISTER FINANCIAL ASSOCIATES, INC.

RIA
CRD#: 30568
ATLANTA, GA
Past

June 21, 2004 - October 4, 2005

REGISTER FINANCIAL ASSOCIATES, INC.

BD
CRD#: 30568
ATLANTA, GA
Past

August 14, 2003 - July 1, 2004

KEYBANC CAPITAL MARKETS INC.

RIA
CRD#: 566
ATLANTA, GA
Past

September 6, 2001 - July 1, 2004

KEYBANC CAPITAL MARKETS INC.

BD
CRD#: 566
CLEVELAND, OH
Past

October 1, 1999 - September 19, 2001

WELLS FARGO CLEARING SERVICES, LLC

BD
CRD#: 19616
ST. LOUIS, MO
Past

May 1, 1998 - October 1, 1999

FIRST UNION CAPITAL MARKETS CORP.

BD
CRD#: 6124
CHARLOTTE, NC
Past

October 7, 1996 - May 21, 1998

CIBC WORLD MARKETS CORP.

BD
CRD#: 630
NEW YORK, NY
Past

March 27, 1995 - October 16, 1996

GRUNTAL & CO., L.L.C.

BD
CRD#: 372
NEW YORK, NY
Past

September 22, 1992 - April 3, 1995

STOEVER, GLASS & COMPANY INC.

BD
CRD#: 7031
NEW YORK, NY

State Registrations and Notice Filings

Listed states reflect where the advisor is authorized to serve clients under state regulations.

Visual representation of state registrations

This advisor is not registered in any state.

Exams

State Security Law Exam
IAR
Series 65
Date: 7/17/2003
Uniform Investment Adviser Law Examination
State Security Law Exam
RR
Series 63
Date: 9/23/1992
Uniform Securities Agent State Law Examination
General Industry/Product Exam
RR
SIE
Date: 3/1/2016
Securities Industry Essentials Examination
General Industry/Product Exam
RR
Series 7
Date: 9/21/1992
General Securities Representative Examination
Principal/Supervisory Exam
RR
Series 28
Date: 5/6/2013
Introducing Broker/Dealer Financial Operations Principal Examination
Principal/Supervisory Exam
RR
Series 23
Date: 7/20/2004
General Securities Principal Sales Supervisor
Principal/Supervisory Exam
RR
Series 8
Date: 2/11/1999
General Securities Sales Supervisor Examination (Options Module & General Module)

Current Firm

IS
IFS SECURITIES
ALZAID FINANCIAL SERVICES, INC. | INTERNATIONAL FINANCIAL SOLUTIONS, INC. | IFS SECURITIES, INC | IFS SECURITIES | IFS EQUITY | IFS CAPITAL MARKETS | IFS ADVISORY, LLC

CRD#: 40375 / SEC#: , 8-49020

BD
Terminated by SEC on 02/28/2020
PREMIUM
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Trends, Not Just SnapshotsMonitor firm stability metrics like AUM and advisor ratios over time.

Contact information

Main Address
Mailing Address
Phone number
Established
Pennsylvania since 09/21/1993
Firm type
Corporation
Fiscal year end
March
# of Employees

Documents

Direct owners and executive officers

NamePositionCRD#
IFS GROUP, INC.FOREIGN ENTITY/DIRECT OWNER
MCKENZIE, ALEXYS ULANDOCEO/OWNER2642827
SADLER, JOQUINN THOMASCHIEF COMPLIANCE OFFICER / CHIEF OPERATIONS OFFICER2817763

Disclosures

Regulatory Event3
Arbitration1
Financial1

Red Flags

Disclosures can be potential red flags, including customer disputes, regulatory fines, employer terminations, bankruptcies, judgments, liens, or certain criminal activities.

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Company Information

IFS SECURITIES

CRD#: 40375

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