Azmi P. Sharif of Elmhurst, Illinois, a stockbroker registered with LPL Financial LLC, has been discharged by the securities broker dealer on December 20, 2022, based upon allegations that Sharif engaged in an undisclosed outside business activity.
The securities broker dealer stated that Sharif inadequately disclosed his business activities and had taken part in undisclosed private investments. Sharif was registered with LPL Financial LLC as a stockbroker between July 19, 2018, and January 19, 2023.
Financial Industry Regulatory Authority (FINRA) Public Disclosure shows that Sharif is also referenced in a customer initiated investment related complaint that was settled on August 22, 2022, for $500,000.00 in damages based upon allegations that Sharif made unsuitable recommendations and made misrepresentations of material fact in connection with the sale of private placements when Sharif was registered with LPL Financial LLC. Ostensibly as the result of insurance, Sharif claims that neither he nor his broker-dealer paid the settlement. He was terminated six months later.
