Sam Aziz Broker Investigation

Sam Aziz, Coastal Securities – Dublin, Ohio Suspended by CFP Board

Are you concerned about investments with Sam Aziz in Dublin, Ohio? If so, the securities attorneys at The White Law Group may be able to help you by filing a FINRA Dispute Resolution claim.

According to a notice on the Certified Financial Planner Board of Standards, Inc. website, on June 13, 2019, the CFP Board imposed an automatic interim suspension temporarily suspending Aziz’s right to use the CFP® certification marks.

The Board reportedly imposed an automatic interim suspension after receiving evidence that Aziz entered into a Letter of Acceptance, Waiver, and Consent (AWC) with the Financial Industry Regulatory Authority, Inc. (FINRA) on March 27, 2019.

According to FINRA’s findings the regulator has reportedly barred Aziz after he refused to appear for on-the-record testimony requested by FINRA staff.

FINRA had reportedly requested the testimony in connection with its investigation of allegations that Aziz engaged in excessive trading, made unsuitable recommendations involving the use of margin, attempted to settle a customer’s complaint away from his member firm, and other allegations.

Under the automatic interim suspension order, Aziz’s right to use the CFP® certification marks is suspended pending CFP Board’s completed investigation and possible further disciplinary proceedings.

According to his FINRA BrokerCheck report, Aziz allegedly has a regulatory complaint pending from the Ohio Division of Securities, “Allegations include, but are not limited to: churning, breach of fiduciary duty, and trading that is unsuitable for investment objectives.”

His FINRA broker report indicates that Aziz was reportedly registered with David A. Noyes & Co. from July 2018 until he was reportedly dismissed in November 2018. Prior to that, he was reportedly registered with Coastal Equities Inc. in Dublin, Ohio from September 2015 through July 2018. Aziz has 3 customer disputes listed on his broker report and 2 employment separations.

Investigating Potential Claims

The White Law Group is investigating potential lawsuits regarding the liability that Coastal Securities may have for failure to properly supervise Aziz.

When brokers violate securities laws, such as excessive trading or making unsuitable recommendations, the brokerage firm they are working with may be liable for investment losses through FINRA Arbitration.

Brokerage firms that fail to monitor the business activities of their employees may be liable for investment losses due to negligent supervision for the misconduct of their employees.

The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Franklin, Tennessee.

We represent investors in FINRA arbitration claims in all 50 states, including Ohio. Our attorneys have recovered millions of dollars from many brokerage firms in the past.

If you have suffered losses investing with Sam Aziz, please call the securities fraud attorneys at The White Law Group at 888-637-5510 for a free consultation.

For more information on The White Law Group, and its representation of investors, please visit www.WhiteSecuritiesLaw.com.

[maxbutton id=”1″ ]