Sam Aziz of Dublin Ohio a stockbroker formerly employed by Wells Fargo Advisors Financial Network is the subject of a customer initiated investment related arbitration claim in which the customer requested $400,000.00 in damages founded on allegations that Aziz (1) churned the customer’s account (2) executed transactions that were not suitable for the customer and (3) effected unauthorized transactions in the customer’s account. Financial Industry Regulatory Authority (FINRA) Arbitration No. 17-02287 (August 29, 2017).
FINRA Public Disclosure reveals that Aziz has been identified in two more customer initiated investment related disputes pertaining to accusations of Aziz’s misconduct while employed with Merrill Lynch, Pierce, Fenner & Smith Incorporated. Particularly, a customer initiated investment related arbitration claim involving Aziz’s activities was settled for $39,000.00 in damages based upon allegations that Aziz executed unauthorized transactions in the customer’s account, breached his fiduciary duties to the customer, and inappropriately advised the customer to borrow funds to effect trades in the customer’s account. Commodity Futures Trading Commission (CFTC) Arbitration No. 92-5047E.
Thereafter, a customer initiated investment related complaint involving Aziz’s conduct was resolved for $75,000.00 in damages supported by accusations that Aziz effected trades in the customer’s account that were neither authorized nor suitable for the customer.
Aziz was discharged from Merrill Lynch founded on allegations that Aziz violated the firm’s policy by way of Aziz’s involvement with financial transactions executed by a customer of the firm. His registration with Wells Fargo Advisors Financial Network LLC was terminated as of September 15, 2015. Since July 5, 2018, Aziz has been associated with David A. Noyes & Company.
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