Advisor Alert: Our Attorneys Are Investigating Sam Aziz For Investment Fraud
Did You Lose Money Because of Sam Aziz?
Filed: February 9, 2024
Sam Aziz (also known as Sam Azizieh and Sam Yehya) currently has one (1) pending regulatory event. Overall, he has been the subject of four (4) regulatory events, two (2) termination events, and ten (10) customer complaints. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.
Let’s begin our Patil Law Advisor Alert with a summary report on Sam Aziz.
Who Is Sam Aziz?
- Advisor Name: Sam Aziz
- Aliases: Sam Azizieh, Sam Yehya
- CRD: 1721932
- Location: Dublin, Ohio
- Current Employer: No Longer Allowed to Practice in the Securities Industry
- Previous Firms: David A. Noyes & Company, Coastal Equities, Inc., and Wells Fargo Advisors Financial Network, LLC
- Number of Known Customer Complaints: 10
- Number of Known Regulatory Events: 4
- Number of Known Termination Events: 2
- Can Sam Aziz Be Sued: Yes, in Private Arbitration
- Can Sam Aziz’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $1,250,939
- Highest Settlement: $775,000
If you have suffered investment losses by Sam Aziz, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a churning lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.
Customer Complaints Filed Against Sam Aziz For Broker Misconduct
As of this publication date, Sam Aziz has been the subject of 4 regulatory events, 2 termination events, and 10 customer disputes. Let’s review them below.
In July 2021, FINRA initiated a regulatory action against or in reference to Sam Aziz for failing to comply with an arbitration award or settlement agreement or to satisfactorily respond to a FINRA request to provide information concerning the status of compliance.
In February 2021, a complaint was filed against or in reference to Sam Aziz by multiple customers of Wells Fargo Advisors Financial Network, LLC alleging unsuitable and excessive trading. On July 22, 2021, Mr. Aziz settled the claim for $143,670, and some or all of this amount may have been paid by Mr. Aziz’s employer and/or insurance carrier.
In September 2020, a complaint was filed against or in reference to Sam Aziz by multiple customers of Wells Fargo Advisors alleging unsuitable and excessive trading, as well as attempting to settle away a complaint with the firm’s knowledge or permission. On March 8, 2021, Mr. Aziz settled the claim for $165,596, and some or all of this amount may have been paid by Mr. Aziz’s employer and/or insurance carrier.
In September 2020, a complaint was filed against or in reference to Sam Aziz by multiple customers of Wells Fargo Advisors alleging unsuitable and excessive trading, as well as attempting to settle away a complaint with the firm’s knowledge or permission. On February 22, 2021, Mr. Aziz settled the claim for $25,475, and some or all of this amount may have been paid by Mr. Aziz’s employer and/or insurance carrier.
In January 2020, Ohio Division of Securities initiated a regulatory action against or in reference to Sam Aziz for churning, breach of fiduciary duty, trading that is unsuitable for investment objectives.
In December 2019, a complaint was filed against or in reference to Sam Aziz by a customer of Wells Fargo Advisors Financial Network, LLC alleging that Mr. Aziz concentrated the account in risky stocks, churned the account, and traded without authorization. Per the customer, he/she lost over $536,411 because of Mr. Aziz’s actions. On March 3, 2020, Mr. Aziz settled the claim for $495,000, and some or all of this amount may have been paid by Mr. Aziz’s employer and/or insurance carrier.
In October 2019, a complaint was filed against or in reference to Sam Aziz by a customer of Coastal Equities, Inc. alleging that Mr. Aziz excessively traded accounts. Per the customer, he/she lost over $1,250,939 because of Mr. Aziz’s actions. On March 3, 2020, Mr. Aziz settled the claim for $550,000, and some or all of this amount may have been paid by Mr. Aziz’s employer and/or insurance carrier.
In June 2019, a complaint was filed against or in reference to Sam Aziz by a customer of Wells Fargo Advisors Financial Network, LLC alleging that Mr. Aziz made unauthorized, unsuitable, and excessive trades in the client’s accounts. Per the customer, he/she lost over $447,000 because of Mr. Aziz’s actions. On October 21, 2019, Mr. Aziz settled the claim for $275,000, and some or all of this amount may have been paid by Mr. Aziz’s employer and/or insurance carrier.
In March 2019, FINRA initiated a regulatory action against or in reference to Sam Aziz for allegedly refusing to appear for on-the-record testimony as requested by FINRA in connection to an investigation into his sales practices at his member firms.
In March 2019, a complaint was filed against or in reference to Sam Aziz by a customer of Coastal Equities, Inc. alleging that Mr. Aziz engaged in excessive trading. Per the customer, he/she lost over $1,215,049 because of Mr. Aziz’s actions. On June 6, 2019, Mr. Aziz settled the claim for $775,000, and some or all of this amount may have been paid by Mr. Aziz’s employer and/or insurance carrier.
In January 2019, Ohio Division of Securities initiated a regulatory action against or in reference to Sam Aziz for alleged churning, breach of fiduciary duty, and trading that is unsuitable for investment objectives.
In October 2018, David A. Noyes & Company terminated Sam Aziz after the firm received a copy of a Wells notice sent to Mr. Aziz for activities at a prior firm.
In August 2017, a FINRA arbitration was filed against or in reference to Sam Aziz by a customer of Coastal Equities, Inc. alleging that from December 2012 and September 2015, Mr. Aziz without prior authorization, purchased unsuitable securities and churned his account(s). Per the customer, he/she lost over $400,000 because of Mr. Aziz’s actions. On August 30, 2018, Mr. Aziz settled the claim for $210,000, and some or all of this amount may have been paid by Mr. Aziz’s employer and/or insurance carrier.
In September 1997, Merrill Lynch, Pierce, Fenner & Smith Incorporated terminated Sam Aziz after it was discovered that he had been involved in 2 (two) financial transactions with a client in contravention of firm policy. The transactions were personal in nature and did not involve the purchase or sale of securities.
In April 1997, a complaint was filed against or in reference to Sam Aziz by multiple customers of Merrill Lynch alleging unsuitability and unauthorized trading in regard to their account. Per the customers, they lost over $240,000 because of Mr. Aziz’s actions. On June 1, 1997, Mr. Aziz settled the claim for $75,000, and some or all of this amount may have been paid by Mr. Aziz’s employer and/or insurance carrier.
In April 1997, a complaint was filed against or in reference to Sam Aziz by a customer of Merrill Lynch alleging that Mr. Aziz was not series 3 registered yet he handled the account, that he breached his fiduciary duty to complainant and that he induced her to borrow money to continue trading. Per the customer, she lost over $76,000 because of Mr. Aziz’s actions. On February 1, 1993, Mr. Aziz settled the claim for $39,000, and some or all of this amount may have been paid by Mr. Aziz’s employer and/or insurance carrier.
How To File A Claim Against Sam Aziz (previously with David A. Noyes & Company, Coastal Equities, Inc., and Wells Fargo Advisors Financial Network, LLC) To Get Your Money Back
If you have questions about Sam Aziz, David A. Noyes & Company, Coastal Equities, Inc., Wells Fargo Advisors Financial Network, LLC, or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll-free at 1-800-950-6553.