The Financial Industry Regulatory Authority (FINRA) has barred Masood Husain Azad, a former First Allied broker for failing to provide information requested by FINRA.
Masood Husain Azad Failed to Provide Information About Misconduct
In August 2017, FINRA’s enforcement unit began investigating the former First Allied Securities broker for allegations of stockbroker misconduct. The allegations included soliciting investment in and/or directly investing in an unapproved private securities transaction.
FINRA’s enforcement unit also was investigating Azad’s outside business activities, as a result of allegations that Azad engaged in outside business activities without obtaining authorization from First Allied.
According to FINRA, First Allied terminated Azad in May 2017. He joined First Allied in January 2015 and started his career in 2004 at Voya Financial Services.
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