Former First Allied Broker Barred by FINRA

Former First Allied Broker Barred by FINRA

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.

Did You Lose Money as a Result of Stockbroker Misconduct?

If you believe you have lost money to stockbroker misconduct, you may have certain legal rights that require your immediate attention.

Call an Investment Fraud Attorney Today

If you are looking for an investment fraud attorney to review your rights and options, the investment fraud lawyers at Dimond Kaplan & Rothstein, P.A. have recovered over $100 million from banks and brokerage firms for their wrongful actions.

With offices in Los AngelesNew YorkWest Palm Beach and Miami, our investment fraud attorneys represent clients nationwide and may be able to help you recover your investment losses.

Contact an stockbroker misconduct attorney at Dimond Kaplan & Rothstein, P.A. today to schedule an appointment or consultation to review your rights and options.

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