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.
Soreide Law Group is investigating possible investor claims against securities broker Simon Michel Joseph (also known as Simon Michael Youssef) [CRD: 5602157, Alexandria, Virginia]. Specifically, Financial Industry Regulatory Authority (FINRA) BrokerCheck discloses that investors disputed the sales practices of the securities broker, who worked for Truist Investment Services Inc. Evidently, investors allege sales practice violations in these disputes, including unauthorized trading. Here is a brief summary of the disclosures about Joseph. Remember that the broker denies the claims against him.
Notably, on April 13, 2023, a Truist Investment Services Inc. client filed FINRA Arbitration: 23-00956 about Simon Joseph. Namely, the client alleged that Joseph engaged in unauthorized trading. Because of this, the client allegedly sustained damages. Therefore, the client requested compensation from Truist Investment Services Inc. or Joseph. Evidently, this arbitration is pending a resolution.
Particularly, on March 1, 2022, Truist Investment Services Inc. disaffiliated with Joseph. Notably, Truist Investment Services Inc. alleged that Joseph made misrepresentations.
Notably, FINRA issued Case: Acceptance, Waiver, and Consent No. 2016050914401 on October 10, 2019, sanctioning Simon Joseph for infractions.
Joseph, without any confirmation or denial, agreed to the sanctions ($10,000 and suspension as a securities broker in 2019). FINRA’s primary contention was that Joseph had acted on discretion in accounts held by different clients. He carried out these actions without securing written consent from these clients. Additionally, his employer reportedly wasn’t aware nor did it give its approval for the same. Supposedly, Joseph also recorded trades inaccurately by marking them as unsolicited. Evidently, he had actively promoted these trades to the clients, thereby leading his firm to keep incorrect books and records.
Particularly, a MSSB client filed a complaint about Simon Joseph. Namely, the client alleged that Joseph engaged in unauthorized trading. Because of this, the client allegedly sustained damages on stocks. Therefore, on September 8, 2016, MSSB settled this matter by paying the client $70,000 in damages.
Simon Joseph worked for Truist Investment Services Inc. as a securities broker from 2011 to 2022. He was a financial advisor of Truist Advisory Services Inc. from 2011 to 2022. Since March 2022, he has been associated with Momentum Independent Network Inc. as a securities broker and a financial advisor.
Have you suffered losses because of Simon Joseph? If so, contact Soreide Law Group online or at (888) 760-6552 and talk with a securities attorney regarding a possible recovery of your investment losses. Soreide Law Group, a firm that has recovered money for investors in all 50 states, works on a contingency fee basis and advances all costs. Joseph and brokerage firms Joseph worked for deny any and all allegations of sales practice violations.
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.
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