Sara Qazi Issued Fine, Suspension By FINRA

Investors potentially experienced investment losses through securities broker Sara Yasmin Qazi [CRD: 4118177, Beverly Hills, California], according to disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Evidently, Qazi joined Raymond James Associates Inc. in Beverly Hills, California, since March 12, 2021. She worked for Morgan Stanley from September 17, 2009, to March 15, 2021. Continue reading to learn more about Sara Qazi's disclosures.

Regulatory Sanctions Against Qazi For Private Securities Transactions

Notably, FINRA sanctioned Sara Qazi for her involvement in unauthorized private securities transactions. On November 20, 2023, FINRA issued Letter of Acceptance, Waiver, and Consent No. 2021070719701, specifically addressing Qazi's actions. During her tenure at Morgan Stanley in Beverly Hills, California, Qazi supposedly facilitated a client's $250,000 investment in a healthcare company's preferred stock. This was done without written notice to or approval from Morgan Stanley. Qazi's due diligence on behalf of the client apparently included reviewing financial data and participating in calls with the healthcare company's management. Additionally, she allegedly assisted with transaction-related agreements and arranged the wire transfer of funds.

Furthermore, Qazi supposedly distributed a healthcare company's presentation to five individuals, including one firm client, detailing a private offering without disclosing associated risks. She also shared a financial model containing forecasts but omitted potential risks or limitations. Consequently, Qazi faced several sanctions for her actions. On December 18, 2023, she began serving a three-month suspension, which ends March 17, 2024. Along with the suspension, Qazi was also fined $15,000, which she paid on December 20, 2023.

Sara Qazi Permitted To Resign From MSSB Following Allegations Of Unapproved Outside Business Activities

Also, Sara Qazi's employment with Morgan Stanley Smith Barney (MSSB) in Beverly Hills, California, ended under notable circumstances. On March 12, 2021, she was permitted to resign following allegations related to her participation in outside activities not approved by MSSB and forwarding certain information to a personal email address.

UBS Investor Complains About Qazi’s Auction Rate Securities Recommendations

Additionally, an investor filed a complaint about Sara Qazi while she was employed at UBS Financial Services Inc. The complaint, received on April 1, 2008, alleged that the risks associated with auction rate securities were not adequately disclosed. The client believed these securities to be fully liquid and AAA-rated, without mortgage exposure. On December 23, 2008, the matter was settled for $175,000 in damages.

Seek Assistance For Losses Due To Sara Qazi's Conduct

Did you experience damages because of securities broker / financial advisor Sara Qazi? If so, reach out to Soreide Law Group online or at (888) 760-6552 and talk with a securities attorney concerning a potential recovery. Soreide Law Group has recovered losses for investors throughout the United States, works on a contingency fee basis, and advances all costs. Qazi and the brokerage firms she worked for deny accusations of sales practice violations.