Our firm is investigating Morgan Stanley broker and investment adviser Mohammed Arif Salim (CRD# 7126671) of New York, New York for potential investment-related misconduct.
Financial Advisor’s Career History
- Morgan Stanley, New York, NY — Registered Representative (11/2022–11/2024)
- Charles Schwab & Co., Inc., Huntington Station, NY — Registered Representative (12/2021–11/2022)
- Merrill Lynch, Pierce, Fenner & Smith Incorporated, Melville, NY — Registered Representative (09/2019–10/2021)
- Exams passed: SIE (6/27/2019), Series 7 (9/4/2019), Series 66 (9/30/2019).
- Current status: Not currently registered.
Mohammed A. Salim Fraud Allegations and Investor Complaints Explained
FINRA Regulatory Bar (July 1, 2025)
According to FINRA, Salim entered into an Acceptance, Waiver & Consent (AWC) on July 1, 2025 and consented to a bar in all capacities after he refused to appear for on-the-record (OTR) testimony in a FINRA investigation tied to his firm’s Form U5 filing. FINRA noted the Form U5 disclosed “concerns related to unauthorized sales, and funds transfers from a customer’s account to the representative’s creditors.” Although Salim initially cooperated, he ceased doing so, leading to the bar. Case No. 2024083984501.
Employment Separation After Allegations (October 10, 2024)
Salim was discharged by MSWM on October 10, 2024 based on allegations of unauthorized sales and transfers of customer funds to the representative’s creditors. Product type noted: No Product.
Summary of Reported FINRA Disclosures
- Regulatory – Final: Bar (permanent) effective 7/1/2025; AWC; refusal to provide OTR testimony in a FINRA investigation concerning Form U5 disclosures. Capacities affected: all.
- Employment Separation After Allegations: Discharged (10/10/2024) by MSWM for alleged unauthorized sales and improper funds transfers from a customer account.
To obtain a copy of Mohammed A. Salim’s FINRA BrokerCheck report, visit this link.
Robert Wayne Pearce Is Committed to Recovering Your Investment Losses
FINRA Rule 8210 (Provision of Information and Testimony) empowers FINRA to require associated persons to provide documents and appear for OTR testimony during investigations. Refusing to appear—as alleged here—is an independent violation and commonly results in a bar, regardless of the underlying misconduct being investigated. In Salim’s case, the AWC-based bar flowed from his refusal to provide OTR testimony concerning the Form U5 allegations.
FINRA Rule 2010 (Standards of Commercial Honor and Principles of Trade) requires high standards of conduct. Unauthorized sales and any improper movement of customer funds to satisfy a representative’s personal creditors, if proven, would breach Rule 2010 because such acts are inconsistent with just and equitable principles of trade, harm customers, and undermine market integrity. The employment discharge citing those allegations reflects the seriousness with which firms and regulators view such conduct.
FINRA Rule 2150 (Improper Use of Customers’ Securities or Funds; Prohibition Against Guarantees and Sharing in Accounts) prohibits the conversion or improper use of customer funds. Allegations that money moved from a customer account to the representative’s creditors—if substantiated—squarely implicate Rule 2150’s bar on misuse of customer assets, and, together with Rule 2010, can support strong remedial sanctions and investor recovery theories. For broader background on examinations and investigations, see this overview of FINRA investigations.
For over 45 years, Robert Wayne Pearce has helped investors recover losses caused by broker fraud, negligence, and unsuitable recommendations. His firm, The Law Offices of Robert Wayne Pearce, P.A., represents clients nationwide on a no-recovery, no-fee basis. Call (800) 732-2889 or email pearce@rwpearce.com for a free case review with an experienced securities attorney.
