Fadi Sami Soliman of Liverpool New York a stockbroker formerly registered with Ameriprise Financial Services and IBN Financial Services Inc. is referenced in a New Jersey Bureau of Securities Order in which his securities agent registration in the state has been revoked as of October 15, 2020 founded on Soliman being sanctioned by Financial Industry Regulatory Authority (FINRA).
Soliman has been barred from associating with any FINRA member in any capacity supported by allegations that he did not respond to FINRA requests for his information in 2019. Case No. 2018057407901 (Sept. 9, 2019). According to FINRA Public Disclosure, Soliman had at first been suspended by the regulator on July 1, 2019 for failing to respond to its request. He was provided until September 8, 2019 to make whole on FINRA’s requirements or otherwise request that the suspension be cancelled. Soliman did not respond to FINRA by the deadline.
FINRA Public Disclosure shows that Soliman has been identified in two additional customer initiated investment related disputes concerning accusations of his misconduct while employed by Ameriprise Financial Services. On February 12, 2018, a customer initiated investment related complaint concerning Soliman’s activities was settled for $25,000.00 in damages based upon allegations that unauthorized stock trades were effected by Soliman at Ameriprise Financial Services. According to the complaint, Soliman made excessive trades of common and preferred stock in the customer’s account.
Soliman is also the subject of a customer initiated investment related complaint in which the customer requested $33,000.00 in damages founded on accusations that the customer was overcharged on mutual fund transactions and was not provided with advanced notice about sales charges.
Soliman was registered with Ameriprise Financial Services between February 7, 2014 and December 19, 2017. He was associated with IBN Financial Services between May 25, 2018 and April 25, 2019.