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”) announced on February 23, 2018 that it barred J.P. Morgan Securities broker Farid Morim (CRD#: 5023477, Beverly Hills, CA). Evidently, a FINRA Hearing Officer issued a Default Decision on January 26, 2018, finding Morim violated FINRA Rules 8210 and 2010 when he chose not to cooperate with FINRA’s requirements while under investigation for possibly stealing client assets and engaging in unpermitted outside business activities.
Supposedly, J.P. Morgan disclosed to FINRA that its grounds for terminating Farid Morim was that he listed himself as a client’s attorney-in-fact. Not only that, but J.P. Morgan told FINRA that it did an “internal review” into allegations of Morim converting a client’s bank account and brokerage account funds. Because of this, FINRA Department of Enforcement investigated Morim in 2017 for conversion and undisclosed outside business activities.
It appears FINRA asked Farid Morim for information and documentation pursuant to its authority under Rule 8210 which FINRA deems one of the most important tools for investigating a broker’s possible violation of FINRA rules. This Rule essentially commands a broker’s response and subjects the broker to sanctions for non-cooperation. Evidently, in Morim’s case, he responded 76 days late to FINRA Department of Enforcement‘s request from 2016, and then failed to respond to two requests in 2017. This led to FINRA filing a Complaint in September 2017. Apparently, Morim did not respond to it. Therefore, FINRA’s Hearing Officer issued a Default Decision barring Morim for violating FINRA rules.
Previously, on August 17, 2017, FINRA suspended Farid Morim for failing to comply with FINRA Arbitration #: 16-00546. Ironically, Morim brought the claim against J.P. Morgan alleging, inter alia, wrongful termination and breach of contract. The Panel not only dismissed Morim’s claim against J.P. Morgan, but also ordered Morim to pay J.P. Morgan $4,200 in sanctions. Also, FINRA suspended Morim on October 20, 2016 for failing to respond to its request for information.

Did you experience investment losses from J.P. Morgan securities broker Farid Morim? If so, contact Soreide Law Group at (888) 760-6552 and speak with experienced counsel about a possible recovery of your investment losses. Soreide Law Group represents clients on a contingency fee basis and advances all costs. The law firm has recovered millions of dollars for clients who have suffered losses due to misconduct of brokers and brokerage firms.
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.
Phone:
Fax: 1-954-760-6553
Email: [email protected]