Investor Alert > Sam Aziz— Alleged Excessive Trading & Unsuitable Recommendations

Posted Apr 23, 2019

by Alan Rosca

Sam Aziz— Alleged Excessive Trading & Unsuitable Recommendations

Sam Aziz Allegedly Engaged in Excessive Trading & Unsuitable Recommendations Involving the Use of Margin

Sam Aziz reportedly fell under the scope of a FINRA investigation alleging that Aziz engaged in excessive trading and unsuitable recommendations involving the use of margin, according to a Final Regulatory Action filed on Johnston’s FINRA BrokerCheck Report under review by investor rights attorney Alan Rosca.

The aforementioned dispute was filed on March 29, 2019, FINRA states.

FINRA was investigating allegations of Aziz’s alleged excessive trading and unsuitable recommendations involving the use of margin, whether Aziz attempted to settle a customer’s complaint away from his firm, and whether he used an undisclosed personal email account and text messages to conduct securities business, among other allegations, FINRA notes.

Investor rights attorney Alan Rosca, of the Rosca Scarlato LLC law firm, is investigating activity related to Sam Aziz’s alleged excessive trading and unsuitable recommendations. Investors who believe they may have lost money in activity related to Sam Aziz’s alleged excessive trading and unsuitable recommendations are encouraged to contact attorney Alan Rosca with any useful information or for a free, no obligation discussion about their options.

Sam Aziz Barred by FINRA for Allegedly Refusing to Appear for On-the-record Testimony in Connection to an Investigation into Aziz and His Sales Practices

Sam Aziz was reportedly barred for refusing to appear for on-the-record testimony in connection to an investigation into Aziz and his alleged sales practices at Coastal Equities, Inc. and David A. Noyes & Company, FINRA notes.

Aziz, without admitting or denying the findings, reportedly consented to the aforementioned sanction and to the entry of findings that he refused to appear for on-the-record testimony as requested by FINRA in connection to an investigation into his sales practices at his member firms, FINRA states.

Sam Aziz was registered with David A. Noyes & Company in Dublin, Ohio from July 5, 2018, and with Coastal Equities, Inc. in Dublin, Ohio from September 14, 2015 until July 6, 2018, FINRA reports.

Finally, it is important to note that, as of the date of this article, there has not been a finding of liability as to the complaints mentioned in this article, unless otherwise indicated.

Securities Lawyer Investigating

The Rosca Scarlato LLC law firm represents investors who lose money as a result of investment-related fraud or misconduct and are currently investigating Sam Aziz’s alleged excessive trading and unsuitable recommendations. The firm takes most cases of this type on a contingency fee basis and advance the case costs, and only gets paid for their fees and costs out of money recovered for clients. Attorney Alan Rosca, a securities lawyer and adjunct professor of securities regulation, and has represented thousands of victimized investors across the country and around the world in cases ranging from arbitrations to class actions.

Investors who believe they lost money as a result of Sam Aziz’s alleged excessive trading and unsuitable recommendations may contact attorney Alan Rosca for a free no-obligation evaluation of their recovery options, at 888-998-0530, via email at arosca@rscounsel.law, or through the contact form on this webpage.

DISCLAIMER

In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow matters about which we report, and/or to publish subsequent updates regarding various developments that may occur in such matters. Readers are encouraged to conduct their own research regarding any such matters and any developments that may or may not have occurred in such matters. Also, the Brokercheck report linked to some of our blogs is the up-to-date version as of the date of accessing by the reader. The information in our blogs is current as of the date of the drafting of the blog, and given that sometimes certain past complaints may no longer be listed in newer Brokercheck reports, some of the events referenced in some of our blogs may later on be removed from newer Brokercheck reports. Visitors may check the most recent version of each brokercheck report at www.finra.org, and may contact FINRA for the earlier version of the Brokercheck report upon which various blogs may be based.

If you believe you lost money as a result of investment-related fraud or misconduct, please contact our law firm for a free, no-obligation evaluation of your recovery options.

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