Sevag Raffi Haddadian, of Brea, California, a stockbroker registered with Wells Fargo Clearing Services LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Haddadian failed to respond to FINRA’s request for information. Letter No. 2022073907601 (January 23, 2023).
FINRA’s bar followed its Suspension Notice and Suspension from Association letters in 2022. By January 23, 2023, Haddadian had not asked for his stockbroker suspension to be lifted within the three months he was allotted.
Haddadian was associated with Wells Fargo Clearing Services LLC as a stockbroker from January 13, 2022, to July 7, 2022. Public Disclosure shows that Haddadian was discharged by Wells Fargo Clearing Services LLC on June 15, 2022, based upon allegations that Haddadian omitted to timely tell the securities broker dealer about his LLC that was involved in real estate rentals and acquisitions.
On January 13, 2022, Morgan Stanley permitted Haddadian to resign based upon allegations that Haddadian engaged in an undisclosed outside business activity that entailed real estate transactions.
