as of 6/18/2026 1:50:42 AM

Ashmit S. Patel

Ashmit Patel Esq.
500 N Michigan Avenue #600
Chicago, Illinois 60611-3754

Not available

Not available

Date Admitted

November 01, 2012

Illinois Registration Status

Not authorized to practice law due to discipline – Last Registered Year: 2022

Malpractice Insurance

No malpractice report as attorney is disciplined

Public Record of Discipline and Pending Proceedings
Case(s) below are identified by caption and Commission case number. If there is more than one case, the cases are listed from most recent to oldest. A case may have more than one disposition or more than one component to a disposition, in which case each disposition and component is also listed separately within that case record, again in an order from most recent to oldest.

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In re Patel, Ashmit S., 2024PR00015
Disposition Disbarment On Consent
Effective Date of Disposition 09/20/2024
End Date of Disposition No disposition end date scheduled at this time. Discipline continues until further order of the Court.
Definition of Disposition Disbarment on consent is imposed by the Supreme Court based upon the lawyer's filing of a motion to strike his or her name from the roll of attorneys in face of disciplinary charges that are set forth in the Administrator's Statement of Charges. The disbarred lawyer is not authorized to practice law during the period of the disbarment on consent and may not return to the practice of law unless and until the lawyer has demonstrated his or her rehabilitation, good character, and current knowledge of the law in a subsequent reinstatement case, which may not be filed until three years after the effective date of the disbarment on consent.
Case Summary Mr. Patel, who was licensed in 2012, was disbarred on consent. He was convicted in a California federal court of securities fraud and manipulative securities trading.
In re Patel, Ashmit S., 2022PR00065
Disposition Interim suspension until further order of the Court
Effective Date of Disposition 10/04/2022
End Date of Disposition
Definition of Disposition An interim suspension reflects the determination of the Supreme Court that a lawyer should be suspended from the practice of law. In imposing interim suspension, the Court orders that the lawyer be suspended until further order of the Court and may impose such conditions as the Court deems necessary. The lawyer is not authorized to practice law during the period of the interim suspension. The Court may terminate the interim suspension upon imposition of final discipline or under other circumstances as the Supreme Court deems just.
Case Summary Mr. Patel, who was licensed in 2012, was suspended on an interim basis and until further order of the Court after he pled guilty in a California federal court to conspiracy to commit securities fraud and manipulative trading. In his plea agreement, Mr. Patel acknowledged that he and other defendants, including the CEO of a home healthcare company, engaged in what is known as a “pump and dump” scheme by conspiring to make it appear that there was an active market for shares in the company, when in fact those shares were thinly traded.
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