Sam Aziz (CRD#: 1721932) is a registered broker and investment advisor. Since July of 2018, Mr. Aziz has been employed at David A. Noyes & Company in Dublin, Ohio. Previously, this broker was also associated with Coastal Equities, Wells Fargo Advisors Network, and Stifel, Nicolaus & Company.
On August 29th, 2017, an investor filed a complaint against then Coastal Equities financial advisor Sam Aziz. According to the allegations, Mr. Aziz made unauthorized transactions, unsuitable investment recommendations, and excessive trades. The complaint was eventually settled for $210,000.
FINRA Investigation: Former Coastal Equities Broker Sam Aziz
On October 24th, 2018, the Financial Industry Regulatory Authority launched an investigation into alleged misconduct on the part of Sam Aziz. The agency made initial recommendations that disciplinary action should be taken against this financial advisor. More specifically, the agency contends that Mr. Aziz:
- Violated FINRA Rule 2111 (by making unsuitable investment recommendations);
- Violated FINRA Rule 4511 (by using an undisclosed personal email account to conduct official business); and
- Violated FINRA Rule 2010 (by attempting to settle a dispute outside of the appropriate process).
At this time, Mr. Aziz has not admitted to or denied any wrongdoing in this case. While initial determinations have been made by FINRA, there has yet to be any final decision or official disciplinary action.
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