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Sam Aziz: FINRA Investigates Allegations of Excessive Trading, Attempted Settling Away

Sam Aziz

Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on November 13, 2018 indicate that Ohio-based David A. Noyes & Company broker/adviser Sam Aziz, who has received customer disputes, was recently named in a FINRA investigation into alleged rule violations. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Aziz (CRD# 1721932).

Sam Aziz has spent 30 years in the securities industry and has been registered with David A. Noyes & Company in Dublin, Ohio since July 2018. Previous registrations include Coastal Equities in Dublin, Ohio (2015-2018); Wells Fargo Advisors Financial Network in Dublin, Ohio (2012-2015); Stifel Nicolaus & Company in Dublin, Ohio (2008-2012); JJB Hilliard WL Lyons in Dublin, Ohio (2007-2008); Citigroup Global Markets in Columbus, Ohio (2000-2007); JC Bradford & Company in New York, New York (1997-2000); Merrill Lynch in New York, New York (1988-1997); and American Express Financial Advisors (1987-1988). He has passed five securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination), which he obtained on December 31, 1993; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on January 27, 1988; SIE (Securities Industry Essentials Examination), which he obtained on October 1, 2018; Series 3 (National Commodity Futures Examination), which he obtained on April 14, 1992; and Series 7 (General Securities Representative Examination), which he obtained on December 19, 1987. He is a registered broker and investment adviser with 23 US states and territories.

According to his BrokerCheck report, he has received three customer complaints and was recently named in a FINRA investigation into alleged rule violations.

In October 2018 FINRA disclosed that it had made a preliminary determination to recommend disciplinary action against Sam Aziz in connection to allegations he violated FINRA rules regarding excessive trading; unsuitable recommendations of margin use; attempting to settle a customer complaint away from the firm; and use of an undisclosed personal email account and text messages to conduct securities business. The action remains pending.

In August 2017 a customer alleged Sam Aziz, while employed at Coastal Equities, purchased unsuitable securities without authorization and made excessive trades. The complaint settled in August 2018 for $210,000.

In 1997 a customer alleged Sam Aziz, while employed at Merrill Lynch, recommended unsuitable investments and executed unauthorized trades. The complaint settled for $75,000.

In 1992 a customer alleged he, while employed at Merrill Lynch, breached his fiduciary duty, induced her to borrow money, and handled the account without Series 3 registration. The complaint settled for $39,000.

If you have complaints regarding Sam Aziz, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be entitled to recoup your losses. All cases are taken on contingency: we only receive payment if and when you recover money. You may have a limited window to file your complaint, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.

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