Publicly available records published by the Financial Industry Regulatory Authority (FINRA) and accessed on December 23, 2017 indicate that former Texas-based First Allied Securities broker/adviser Masood Azad, also known as Mike Azad, has been sanctioned by FINRA and barred from acting as a broker or otherwise associating with a broker-dealer firm. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Azad (CRD# 4798445).
Masood Azad has spent 12 years in the securities industry and was most recently registered with First Allied Securities in League City, Texas (2015-2017). He was previously registered with Voya Financial Advisors in League City, Texas (2004-2015). He has passed five securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination), which he obtained on February 23, 2007; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on August 24, 2004; Series 7 (General Securities Representative Examination), which he obtained on March 22, 2012; Series 22 (Direct Participation Programs Representative Examination), which he obtained on September 6, 2005; and Series 6 (Investment Company Products/Variable Contracts Representative Examination), which he obtained on August 19, 2004. He is currently not registered with any state or firm.
According to his BrokerCheck report, Masood Azad has been sanctioned by FINRA and was discharged from his former employer in connection to alleged rule violations.
In November 2017 he was sanctioned by FINRA following allegations he failed to provide requested documents in connection to allegations that while associated with his prior member firm, he participated in a unapproved private securities transaction “by soliciting investments and/or directly investing in an electronic data security company” and participated in other outside business activities, involving this company, without obtaining firm authorization. He was indefinitely barred from acting as a broker or otherwise associating with a broker-dealer firm.
In May 2017 he was terminated from his position at First Allied Securities following allegations he violated firm policy with respect to borrowing funds from customers, and participating in an unapproved private securities transaction and outside business activity.
If you have lost money investing with Masood Azad, also known as Mike Azad, call Fitapelli Kurta at 877-238-4175 without delay. You may be entitled to recoup your losses. We accept all cases on contingency: Fitapelli Kurta only gets paid if and when you collect money. Time to file your claim may be limited, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.