Texas Broker, Masood Husain Azad, Barred by FINRA

Soreide Law Group obtained the following information from FINRA’s website under, “Disciplinary and Other FINRA Actions January 2018.”

Masood Husain Azad (CRD #4798445, Houston, Texas)

was barred by FINRA for allegedly failing to provide FINRA-requested documents and information in connection with its investigation into allegations of misconduct by him while associated with his former member firm.

FINRA’s findings stated that the allegations included that Azad participated in an unapproved private securities transaction by soliciting investments and/or directly investing in an electronic data security company, and engaged in outside business activities involving the company, without obtaining authorization from the firm.

(FINRA Case #2017054623301)

FINRA has barred Masood Husain Azad from acting as a broker or otherwise associating with a broker-dealer firm.

According to FINRA’s BrokerCheck, Masood Husain Azad, has 2 Disclosures on his report.  Along with the regulatory action in which he was barred, there is an, ‘Employment Separation after Allegations” from First Allied Securities in League City, Texas.  Azad was discharged after he allegedly, “violated firm policy relating to borrowing money from clients, engaging in an unapproved private securities transaction and outside business activity.

Masood Husain Azad was in the securities industry for 12 years and was listed with the following 2 firms:

01/29/2015 – 06/15/2017  FIRST ALLIED SECURITIES INC – LEAGUE CITY, TX

08/20/2004 – 01/29/2015  VOYA FINANCIAL ADVISORS INC – LEAGUE CITY, TX

If you were a client of Masood Husain Azad formerly with First Allied Securities of League, Texas, and you experienced financial losses due to his actions or recommendations, call Soreide Law Group for a no-cost consultation with an experienced securities lawyer regarding the possible recovery of your investment losses through a FINRA arbitration at:  888-760-6552.

Soreide Law Group represents our clients nationwide before FINRA.  We operate on a contingency fee basis, no fee if no recovery.  Let our years of experience work for you.

2018-02-08T19:24:03+00:00 February 8th, 2018|

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