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.

The Financial Industry Regulatory Authority (FINRA) reportedly issued a three-month suspension to Elias Moses Hakimian (CRD#: 4404048, Seal Beach, California) as a securities broker and fined him $5,000 for allegedly borrowing from a client of LPL Financial. In addition, an investor filed a dispute about Hakimian. And LPL Financial allowed Hakimian to resign amid allegations of misconduct, including alleged churning of a client’s account. Here’s more.
Evidently, FINRA issued the sanctions to Elias Hakimian in April 2021 to resolve allegations that he borrowed $120,000 from a client of LPL Financial. Supposedly, Hakimian was required by LPL Financial policies to refrain from borrowing from clients unless an exception applied. FINRA says no exceptions to LPL Financial’s rules applied to the broker. In addition, the financial industry watchdog says that he did not get permission to borrow from clients, as he never sought permission from the firm. Moreover, Hakimian supposedly falsely responded to annual compliance questionnaires regarding borrowing the client’s funds.
Evidently, a client of LPL Financial came forward with a dispute about Elias Hakimian. Specifically, the April 2019 complaint alleges that Hakimian churned their accounts between 2010 and 2017. Not only that, but the broker purportedly had them invest in speculative ventures. This seemingly went against the client's risk tolerance and objectives. In addition, the client alleges that Hakimian took personal loans from them. For this reason, LPL Financial agreed to pay the client $275,000 to resolve this matter in October 2019. It appears that LPL Financial allowed Hakimian to resign in May 2019 because of the allegations that the client made against him.
Did Elias Hakimian cause you to experience losses? If so, call Soreide Law Group at (888) 760-6552 and speak with a securities lawyer about a potential recovery of your losses. Soreide Law Group represents clients on a contingency fee basis and advances all costs. The firm has recovered compensation for many United States investors who incurred losses because of their financial advisors and securities brokers. Please note that Hakimian denies all allegations of his 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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