Investigation: Maher Saieh, ex-Merrill Lynch broker suspended, fined by FINRA

Maher-Saieh-broker-Merrill-Lynch The Sonn Law Group is investigating claims involving former Merrill Lynch broker Maher Saieh (Broker CRD Number: 5994181).

Maher Saieh was fired by Merrill Lynch in October of 2016. At the time Merrill Lynch alleged that Saieh displayed:

Conduct inconsistent with Firm policy regarding personal brokerage accounts. This conduct did not involve Merrill Lynch, Pierce, Fenner & Smith Incorporated customers or customer accounts.

This week Maher Saieh was suspended by FINRA for 30 days and fined $5,000 for conduct against FINRA’s rules.

Here is the full text of the allegations from Maher Saieh’s BrokerCheck profile:

Without admitting or denying the findings, Saieh consented to the sanctions and to the entry of findings that he maintained and executed trades in an individual retirement account (IRA) held at another FINRA member firm, and failed to promptly notify his member firm that he held an IRA at another FINRA member firm. The findings stated that Saieh failed to disclose the IRA on the firm’s annual compliance questionnaire.


If you’ve ever invested money with Maher Saieh or his employer, the securities fraud attorneys at the Sonn Law Group are interested in speaking with you. Contact us online or by phone at 305.912.3000 for a free consultation.

Rate this post:

1 Star2 Stars3 Stars4 Stars5 Stars
(No Ratings Yet)
Loading...