Ann Arbor, MI — December 11, 2025 — Amit Jonathan Urban (CRD# 6855682), a financial advisor currently registered with Concorde Investment Services, LLC, is facing a pending FINRA arbitration case filed in October 2025. The complaint alleges failure to conduct proper due diligence, misrepresentation, omissions, and unsuitable recommendations related to a January 2023 investment in direct participation programs and limited partnership interests. The claimant seeks $475,000.00 in damages. This article reviews the publicly available disclosure information and outlines options for investors who may have suffered losses.
BrokerCheck Snapshot
Name: Amit Jonathan Urban
CRD #: 6855682
Firm: Concorde Investment Services, LLC
Location: Ann Arbor, MI
Years in Industry: 8
Number of Disclosures: 1
Pending FINRA Arbitration Case Against Amit Jonathan Urban
FINRA Arbitration Case No. 25-02276 (Filed October 2025)
A FINRA arbitration case was filed on October 17, 2025 (FINRA Case No. 25-02276), with the complaint received on November 3, 2025. The claimant alleges failure to conduct proper due diligence, misrepresentation, omissions, and unsuitable recommendation related to a January 2023 investment. The product type involved is listed as “Direct Investment-DPP & LP Interests,” referring to Direct Participation Programs and Limited Partnership Interests. The claimant seeks $475,000.00 in damages. The case remains pending with no resolution reported.
Understanding the Allegations
The allegations against Urban involve several common types of securities violations:
Failure to Conduct Proper Due Diligence: Financial advisors have a duty to thoroughly investigate and understand investments before recommending them to clients. This includes researching the investment sponsor, reviewing offering documents, understanding risks, and verifying claims made by promoters. Failure to conduct adequate due diligence can result in recommending investments that are unsuitable, fraudulent, or excessively risky.
Misrepresentation: Misrepresentation occurs when an advisor makes false or misleading statements about an investment’s features, risks, or potential returns. This can include overstating potential profits, understating risks, or providing inaccurate information about the investment structure or management.
Omissions: Material omissions involve failing to disclose important facts that would affect an investor’s decision. This can include failing to disclose conflicts of interest, undisclosed compensation arrangements, pending litigation against the investment sponsor, or significant risks associated with the investment.
Unsuitable Recommendations: Unsuitable investments are those that do not match a client’s investment objectives, risk tolerance, financial situation, or investment experience. Financial advisors must ensure that recommended investments are appropriate for each individual client based on their specific circumstances.
Direct Participation Programs and Limited Partnership Interests
The investment at issue involves Direct Participation Programs (DPPs) and Limited Partnership (LP) Interests. These are alternative investments that allow investors to participate directly in the cash flow and tax benefits of underlying assets, often real estate, energy, or equipment leasing ventures. Key characteristics include:
Illiquidity: DPPs and LPs typically have limited or no secondary market, meaning investors may not be able to sell their interests easily. These investments often require holding periods of 5-10 years or longer.
Complex Structure: These investments involve complicated legal structures, tax implications, and fee arrangements that may not be fully disclosed or understood by investors.
High Risk: DPPs and LPs often involve speculative ventures with significant risk of loss. Many fail to provide projected returns, and some result in total loss of invested capital.
Substantial Commissions: Advisors often receive substantial upfront commissions for selling these products, which can create conflicts of interest and incentivize recommendations that may not be in the client’s best interest.
Extensive Outside Business Activities
Urban maintains numerous outside business activities beyond his securities registration, primarily focused on real estate. His disclosed outside businesses include operating Magnify Real Estate Brokerage as a real estate broker, owning rental properties in Menlo Park, California, serving as designated officer for Mistaya Ventures Property Management, and operating Urban Business, Inc. as director/broker and owner for real estate activities (listed as “full time during trading hours”). He also operates under the DBA “Fortitude Investment Group” for securities-related activities.
These extensive real estate business interests may create potential conflicts of interest when recommending real estate-related investments such as direct participation programs and limited partnerships to brokerage clients. Advisors with significant outside business activities must fully disclose these activities and any potential conflicts to clients.
Can Investors Recover Losses?
Investors who experienced losses due to unsuitable investments, misrepresentation, omissions, or failure to conduct proper due diligence may be entitled to compensation through FINRA arbitration. Patil Law, P.C. has over 15 years of experience representing investors in FINRA arbitration and securities litigation, with more than $25 million recovered for clients across 1,000+ cases. We provide a free, confidential consultation to review your potential claim. Our firm works on a contingency fee basis, meaning you pay no attorney fees unless we successfully recover money for you.
About FINRA Arbitration
FINRA arbitration is a streamlined dispute resolution process for securities-related claims. It offers a faster, more cost-effective alternative to traditional court litigation. Most cases are resolved within 12-16 months. Claims generally must be filed within six years of the incident.
Related Brokers and Firms
If you have concerns about your investments with Concorde Investment Services, LLC or experienced similar issues involving direct participation programs, limited partnerships, or real estate investments recommended by financial advisors, you may want to review additional resources on securities fraud and unsuitable investments. Our firm has handled numerous cases involving unsuitable alternative investments, misrepresentation, and failure to conduct due diligence by financial advisors nationwide.
Frequently Asked Questions
What are the complaints against Amit Jonathan Urban?
Urban is facing one pending FINRA arbitration case filed in October 2025 (Case No. 25-02276). The complaint alleges failure to conduct proper due diligence, misrepresentation, omissions, and unsuitable recommendation related to a January 2023 investment in direct participation programs and limited partnership interests. The claimant seeks $475,000.00 in damages.
What are direct participation programs and limited partnership interests?
Direct Participation Programs (DPPs) and Limited Partnership (LP) interests are alternative investments that allow investors to participate directly in the cash flow and tax benefits of underlying assets. These investments are typically illiquid, complex, high-risk, and involve substantial advisor commissions. They often involve real estate, energy, or equipment leasing ventures.
Can investors recover losses involving Concorde Investment Services?
Yes, investors who suffered losses due to unsuitable investments, misrepresentation, or failure to conduct proper due diligence may file a claim through FINRA arbitration. Most brokerage agreements contain mandatory arbitration clauses, which require disputes to be resolved through this process rather than in court.
What is failure to conduct proper due diligence?
Failure to conduct proper due diligence occurs when a financial advisor recommends an investment without thoroughly investigating and understanding it first. Advisors must research the investment sponsor, review offering documents, understand risks, and verify claims. Inadequate due diligence can result in recommending investments that are unsuitable, fraudulent, or excessively risky.
Why are outside business activities relevant?
Financial advisors must disclose outside business activities to their firms and potentially to clients, especially when those activities create conflicts of interest. In this case, Urban operates extensive real estate businesses while recommending real estate-related investments, which could create incentives to recommend investments that benefit his other businesses rather than serving clients’ best interests.
What should I do if I invested in a DPP or limited partnership that lost value?
First, review all documentation related to the investment, including the offering memorandum, account statements, and communications with your advisor. Second, document whether risks were properly disclosed and whether the investment was suitable for your financial situation and investment objectives. Third, contact an experienced securities attorney to discuss your options for recovery through FINRA arbitration.
About Patil Law, P.C.
Patil Law, P.C. is a securities litigation firm dedicated to representing investors who have suffered losses due to broker misconduct, unsuitable recommendations, and securities fraud. Founded in 2018 by attorney Chetan Patil, the firm focuses exclusively on FINRA arbitration and investment loss recovery.
With over 15 years of combined experience in securities law, Patil Law has successfully recovered more than $25 million for clients across 1,000+ cases. Attorney Chetan Patil earned his law degree from Case Western Reserve University School of Law. Attorneys Gabriela Dubrocq and Patricia Herrera earned their law degrees from University of Miami. The firm handles cases nationwide involving unauthorized trading, churning, unsuitable investments, breach of fiduciary duty, securities fraud, and failure to supervise.
Patil Law works on a contingency fee basis, meaning clients pay no attorney fees unless the firm successfully recovers money on their behalf. All consultations are free and confidential.
Contact Patil Law for a Free Consultation
If you lost money in your investment account with Amit Jonathan Urban or Concorde Investment Services, LLC, or if you invested in direct participation programs or limited partnerships that resulted in losses, contact Patil Law, P.C. for a free, no-obligation consultation. Our experienced securities attorneys can review your case and explain your legal options for recovering losses.
Call us today at 800-950-6553 or email info@patillaw.com.
Disclaimer
The information in this post is based on FINRA BrokerCheck records and public filings. Allegations described are pending or unproven and may be contested. All investors are entitled to fair treatment under securities laws. This is attorney advertising. Prior results do not guarantee a similar outcome. This communication is for informational purposes only and does not create an attorney-client relationship.
