The Financial Industry Regulatory Authority (FINRA) recently filed a cease-and-desist order against Success Trade Securities. Allegedly the online investment firm scammed its investors, which included a number of professional athletes.
FINRA issued a complaint against Success Trade and its CEO and President, Fuad Ahmed, accusing fraud in the sales of $18 million in notes issued by the firm's parent company, Success Trade Inc.
FINRA claims the firm, which operates through Just2Trade and LowTrades, Ahmed, and other representatives, sold more than $18 million in notes to 58 investors, many of whom are current or former NFL and NBA players. However, the company claimed they were raising just $5 million even after sales significantly exceeded the original offering, FINRA said.
The firm and Ahmed failed to disclose the company's amount of existing debt, and the fact that it would be unable to make future interest payments without raising more money from new investors, FINRA said. Success Trade Securities also misrepresented how the proceeds would be used and improperly used the funds to make loans to Ahmed and interest payments to existing investors, according to FINRA.
Soreide Law Group, PLLC, represents clients nationwide before FINRA. Call for a free consultation on how to potentially recover your losses. To speak with an attorney call 888-760-6552
Steven Graham (CRD 1977736) denies the allegations in a pending customer claim filed on August 11, 2026. The disclosure names Western International Securities as the firm, and the claim involves corporate bonds. No arbitrator has ruled on it. His BrokerCheck report also lists a settled bond dispute and a federal court matter from earlier years.
A claim filed on September 11, 2024 names Thomas Hamlin (CRD 2208505) over a 10% Senior Unsecured Note in iCap Fund III. Every disclosure on his BrokerCheck report involves an iCap private placement and names Somerset Securities as the firm. Each one settled, and a settlement is not an admission of wrongdoing.
Peter Po's most recent settlement came on June 28, 2026, when a corporate bond claim settled for $40,000. Po (CRD 3106974) appears in several settled customer disputes over corporate and high-yield bonds. The disclosures name NI Advisors or California Securities as the firm, and each matter ended in a settlement, not a finding.
Phone:
Fax: 1-954-760-6553
Email: [email protected]