SARA YASMIN QAZI (SARA QAZI), a former Morgan Stanley of Beverly Hills, CA, broker/financial advisor, has been suspended for three months and fined $15,000, for allegedly participating in the sale of an outside investment without the firm’s approval. Qazi was with Morgan Stanley from 09/21/2009 to 03/15/2021. She is currently registered both as a broker and a financial advisor with Raymond James of Beverly Hills, CA.
Without admitting or denying FINRA’s findings, SARA QAZI consented to the sanctions and to the entry of findings that she allegedly participated in a private securities transaction in which a client of her member firm purchased $250,000 of preferred stock in a healthcare company without providing written notice to, or receiving approval from, her member firm before participating in the private securities transaction.
FINRA’s findings stated that, at the client's request, SARA QAZI conducted due diligence on the healthcare company. Also, according to FINRA, Qazi allegedly facilitated the client's investment in the healthcare company by assisting with the execution of agreements related to the transaction and arranged the wire transfer of the client's funds to it. FINRA stated that SARA QAZI did not earn any compensation from her participation in the transaction.
FINRA’s findings also stated that SARA QAZI distributed a written presentation prepared by the healthcare company to five individuals, including one firm client, which included information regarding a private offering by the healthcare company. She allegedly distributed a financial model prepared by the healthcare company to a firm client, which contained financial forecasts but did not disclose any risks, limitations, or conditions that could impede the achievement of such forecasts.
According to FINRA’s BrokerCheck, available to the public on FINRA’s website, SARA QAZI, has been in the securities industry for 21 years and has been listed with 5 firms. Qazi has 3 disclosures on her FINRA CRD report, one is the “Regulatory” suspending and fining her, one is an “Employment Separation after Allegations,” from Morgan Stanley, and the third is a “Customer Dispute,” which settled in 2008 for $175,000.00.
If you’ve experienced financial losses due to the actions or recommendations of SARA QAZI, formerly of Morgan Stanley, and currently with Raymond James, both of Beverly Hills, CA, contact Soreide Law Group and speak to an experienced securities lawyer at no cost regarding the possible recovery of your investment losses through a FINRA arbitration at: 888-760-6552.
Soreide Law Group represents clients nationwide before FINRA on a contingency fee basis.