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.
Investors apparently complained about securities broker Raymond Michael Congelosi (also known as Mike Congelosi) [CRD: 1879030, West Hartford, Connecticut], according to disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. since May 25, 2017, Raymond Congelosi has worked as both an investment adviser and broker for MML Investors Services LLC in West Hartford, Connecticut. See the […]
One or more investors potentially experienced sales practice violations because of securities broker Brian Wayne Napier [CRD: 4555202, Greenwood, Indiana], based on publicly available information reported on FINRA BrokerCheck. Napier has worked with Ausdal Financial Partners Inc. since September 18, 2013, where he serves both as a broker and an investment adviser. Read on to […]
Investors may have incurred losses due to securities broker Teddy R Ezzell III [CRD: 1527524, Fort Collins, Colorado], based on disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Ezzell has worked with LPL Financial LLC since December 15, 2014, and with Western Wealth Management LLC since June 22, 2016. Below, you can learn more about […]
Phone:
Fax: 1-954-760-6553
Email: [email protected]