The White Law Group

MENU
  • Securities Litigation
    • Securities Fraud
    • Securities Employment
    • Common Claims
    • FAQ
  • Attorneys
  • Publications
  • Blog
    • Securities Fraud
    • Current Investigations
    • Podcasts
  • Contact Us

Call Now for a Free Consultation
(888) 637-5510

April 23, 2018 Comments (0) Blog, Current Investigations

Beverly Hills Advisor Farid Morim Barred from Securities Industry

Farid Morim

FINRA Reportedly Bars Farid Morim, Former JP Morgan Financial Advisor

According to the Financial Industry Regulatory Authority (FINRA) on February 23, the regulator has barred financial advisor Farid Morim (CRD #5023477, Los Angeles, California) from the securities industry.

FINRA announced in the April 2018 Disciplinary Report that an OHO decision became final in which Morim was reportedly barred from association with any FINRA member in all capacities. The sanction was based on the findings that Morim allegedly failed to produce information and documents requested by FINRA during the course of an investigation.

According to the announcement, FINRA was allegedly investigating the possibility of potential conversion of customer assets and undisclosed outside business activities while Morim was associated with his member firm, JP Morgan.

According to his FINRA BrokerCheck report, Morim was registered with JP Morgan in Beverly Hills, CA from October 2012 until he left the firm in October 2015. Morim has six disclosure events listed on his broker check report.

For FINRA’s full findings see FINRA Case #2015047528202.

Investigating Potential Claims

The White Law Group is investigating potential claims regarding the liability that Morim’s employers may have for failure to properly supervise him.

Brokers are prohibited from engaging in underhanded businesses practice, like churning or unauthorized trading. They have a fiduciary duty to make investment recommendations that are consistent with the clients net worth, investment experience and objectives. Risk tolerance, age, and liquidity needs also need to be considered.

When brokers abuse client accounts and conduct transactions that violate securities laws, the brokerage firm they are working with may be liable for investment losses through FINRA Arbitration.

Brokerage firms that fail to monitor the business activities of their employees may be liable for investment losses due to negligent supervision for the misconduct of their employees.

If you are concerned about your investments with Farid Morim, the securities attorneys of The White Law Group may be able to help you. For a free consultation with a securities attorney, please call our offices 888-637-5510.

The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Franklin, Tennessee.

For more information on The White Law Group, visit www.WhiteSecurtiesLaw.com.

 

 

 

 

 

» California securities attorney, Farid Morim Beverly Hills, Farid Morim California, Farid Morim complaints, Farid Morim financial advisor, Farid Morim FINRA lawsuit, Farid Morim FINRA sanction, Farid Morim investigation, Farid Morim JP Morgan, Farid Morim lawsuit, Farid Morim losses, Farid Morim recovery options, Farid Morim securities investigation

» Blog, Current Investigations » Beverly Hills Advisor Farid Morim Barred from Securities Industry

Related Posts

  • Wedbush Fined, Featured by Top Securities Fraud Lawyers, The White Law Group

    Wedbush Fined for Failure to Supervise

  • Danial Khan

    Danial Khan Barred from Securities Industry

  • Li Lin Hsu

    加州理财顾问LI-LIN HSU(徐翊绫)被指控欺诈及洗钱罪

  • Li-Lin Hsu

    Li-Lin Hsu Charged with Fraud

Comments are closed.

THE WHITE LAW GROUP

Investment Losses?

Recent Posts

  • Recovery of Investment Losses in Watermark Lodging Trust, featured by top securities fraud attorneys, The White Law Group

    Recovery of Investment Losses in Watermark Lodging Trust 

    June 22, 2022
  • FINRA Sanctions United Planners for Unsuitable GPB Sales, featured by top securities fraud attorneys, the White Law Group

    FINRA Sanctions United Planners for Unsuitable GPB Sales  

    June 20, 2022
  • New York City REIT(NYSE: NYC) Lawsuit Investigation, featured by top securities fraud attorneys, The White Law Group

    New York City REIT (NYSE: NYC) Lawsuit Investigation 2022

    June 20, 2022
  • SEC Charges Western International & Reps with Reg BI Violations re GWG L Bonds , featured by top securities fraud attorneys, the White Law Group

    SEC Charges Western International & Reps with Reg BI Violations...

    June 17, 2022
(312) 238-9650 | Fax (312) 238-8950 | (888) 637-5510 | 125 S. Wacker Drive, Suite 300, Chicago, Illinois 60606

The information you obtain at this site is not, nor is it intended to be, legal advice. You should consult an attorney for individual advice regarding your own situation. You may reproduce materials available at this site for your own personal use and for non-commercial distribution. All copies must include this copyright statement. © 2015 by The White Law Group, LLC All rights reserved.

© 2022 The White Law Group | Powered by Wordpress. Designed by Themnific