John Alex (CRD: 2020710) settled customer disputes at Morgan Stanley and UBS Financial Services between 2011 and 2025, according to BrokerCheck, which lists him as John L. Alex.
Financial Industry Regulatory Authority (FINRA) BrokerCheck reveals disclosures about securities broker Ahmad Mohamed Maklou (also known as Ed Maklouf) [CRD: 6092943, Staten Island, New York].
Ahmad Maklouf worked for Spartan Capital Securities, LLC (August 2017 to December 2022), Worden Capital Management LLC (November 2016 to September 2017), and Legend Securities, Inc. (June 2014 to November 2016).
Recent disclosures highlight issues related to Maklouf’s professional conduct, including allegations of churning, unsuitable recommendations, and non-compliance with FINRA’s investigative requests. These matters ultimately led to his permanent bar from the securities industry.
On November 19, 2024, FINRA concluded an investigation into Ahmad Maklouf’s potential involvement in outside business activities (OBAs) while employed by Spartan Capital Securities, LLC. Without admitting or denying the findings, Maklouf consented to the sanctions imposed by FINRA, which included a permanent bar from associating with any broker-dealer firm.
On May 29, 2024, a client of Spartan Capital Securities filed an arbitration claim alleging churning, unsuitable recommendations, misrepresentation, and breach of fiduciary duty. The alleged damages totaled $1,331,250, and the matter remains pending under FINRA Arbitration No. 24-01044.
On December 23, 2020, a client of Worden Capital Management LLC filed a complaint alleging churning, unsuitability, and breach of contract for activities between November 2016 and August 2017. This arbitration, filed under FINRA Docket No. 20-00801, claims damages of $414,744 and is still pending.
On May 3, 2021, a client of Worden Capital Management LLC alleged unsuitable investments, excessive commissions, and churning. The matter, seeking $62,961 in damages, was settled on September 16, 2021, for $5,000. Maklouf denied all allegations, asserting the client was aware of risks and chose to settle to avoid litigation costs.
On May 18, 2020, a Legend Securities client accused Ahmad Maklouf of unsuitable trading, overconcentration, and excessive trading. The case was settled on August 14, 2020, for $7,499.99.
A Spartan Capital Securities client filed a claim on January 28, 2020, alleging misrepresentation and unsuitable recommendations. The claim sought $241,727 in damages and was settled on February 22, 2022, for $14,000. Maklouf maintained his innocence, stating the settlement avoided prolonged legal fees.
Looking for more information about Ahmad Maklouf? If so, reach out to Soreide Law Group online or call (888) 760-6552 to speak with a securities attorney. The team at Soreide Law Group works on a contingency basis. The firm advances costs as needed and assists investors across the country with recovering losses from sales practice misconduct. Maklouf and the firms he worked for deny accusations of sales practice violations.
John Alex (CRD: 2020710) settled customer disputes at Morgan Stanley and UBS Financial Services between 2011 and 2025, according to BrokerCheck, which lists him as John L. Alex.
Sam Bhushan (CRD: 4884717) is named in several pending customer complaints and one settled dispute, according to his BrokerCheck report.
Sterling Louviere (CRD: 2021328), listed on BrokerCheck as Sterling Vaughn Louviere, is named in a pending customer claim over Reg D private placements, with Cabin Securities as the firm named.
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