Farid Morim of Beverly Hills California is a stockbroker formerly registered with J.P. Morgan Securities LLC that has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to an Office of Hearing Officers Default Decision containing findings that he failed to provide documentation and information to FINRA in an investigation into his potentially unauthorized business activities. Letter of Acceptance Waiver and Consent No. 2015047528202 (Jan. 26 2018).
According to the Decision, Morim failed to respond to FINRA’s Complaint as well as FINRA’s two additional Notices of Complaint. In the Complaint, FINRA alleged that Morim failed to cooperate with FINRA’s investigation by failing to timely provide FINRA with information and documentation pertaining to its investigation of Morim’s activities, and in a later instance failing to comply with FINRA entirely.
The Decision stated that on October 20, 2016, Morim was notified that he had been suspended for failing to provide the documentation and information that FINRA requested. Morim evidently e-mailed the information to FINRA seventy-six days past the deadline that FINRA imposed. Consequently, FINRA’s Office of Hearing Officers found that Morim’s conduct was violative of FINRA Rules 2010 and 8210.
The Decision then stated that in April and May of 2017, Morim was asked by FINRA to provide more information and documentation in regard to his activities. Morim failed to respond to FINRA, causing FINRA’s Office of Hearing Officers to find his failure to cooperate in the investigation as violative of FINRA Rules 2010 and 8210. FINRA’s Office of Hearing Officers found Morim’s untimeliness in responding to several of FINRA’s requests as an aggravating factor and would have imposed a $30,000.00 and eighteen months suspension if not for Morim having been barred for failing to respond to FINRA all together.
FINRA Public Disclosure confirms that on February 4, 2015, a customer initiated investment related written complaint pertaining to Morim’s conduct was settled for $7,500.00 in damages founded on accusations that misrepresentations were made to the customer about mutual funds.
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