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Sam Aziz formerly with Coastal Equities, Inc. and wells Fargo Advisors Financial Advisors Network LLC Has 4 Customer Complaints For Alleged Broker Misconduct In the Past 2 Years

Who is Sam Aziz formerly with David A. Noyes & Company, Coastal Equities, Inc. and Wells Fargo Advisors Financial Network, LLC?

Sam Aziz (CRD #1721932) who was most recently registered with David A. Noyes & Company and located in Dublin, Ohio is a subject of one of our many securities industry sales practice abuse investigations. Prior to David A. Noyes & Company, Sam Aziz was associated with Coastal Equities, Inc. and Wells Fargo Advisors Financial Network, LLC and 6 other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.

Sam Aziz has been the subject of 2 regulatory investigations. In January 2020, the Ohio Division of Securities revoked his license for allegedly, churning, breaching his fiduciary duty, engaging in trading that was unsuitable for investment objectives and various clients’ accounts. A year earlier, FINRA had initiated an investigation into allegations of excessive trading and unsuitable recommendations involving the use of margin, whether Sam Aziz attempted to settle a customer’s complaint away from his firm, and whether he used an undisclosed personal email account and text message is to conduct securities business, among other allegations. Sam Aziz, without admitting or denying the findings, consented to a sanction of a permanent bar and to the entry of findings that he refused to appear for an on-the-record testimony as requested by FINRA in connection with that investigation into his sales practices. 

David A. Noyes & Company Broker Misconduct

In his career, Sam Aziz has been the subject of 9 customer complaints that we know about, 4 of those complaints were filed in the last two years to recover investment losses. Seven of Sam Aziz’s 9 customer complaints were settled in favor of investors by his former employers Coastal Equities, Inc and Wells Fargo Advisors Financial Network, LLC. There are currently 2 pending customer complaints filed against Sam Aziz’s former employers Coastal Equities, Inc. and Wells Fargo Advisors Financial Network, LLC. for the investment losses caused by his alleged misconduct.

Allegations Against Sam Aziz

A sample of the allegations made in the FINRA reported arbitration claim settlements and pending complaints for investment losses are as follows:

  • Client complained that the advisor concentrated the account and risky stocks, churning the accounts in trading without authorization.
  • Customer alleges that registered representatives engaged in excessive trading.
  • Customer alleges that registered representative excessively traded account.
  • Claimant alleged that the financial advisor purchased unsuitable securities without prior authorization, and excessively traded accounts.
  • Claimant alleged that financial advisor, without prior authorization, purchased unsuitable securities and churned his accounts.  There

Sam Aziz Red Flags & Your Rights As An Investor

Of course, Sam Aziz did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Sam Aziz at David A. Noyes & Company, Coastal Equities, Inc. and Wells Fargo Advisors Financial Network, LLC on alert to review carefully the activity and performance of their accounts and question whether Sam Azizhas engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at David A. Noyes & Company, Coastal Equities, Inc. and Wells Fargo Advisors Financial Network, LLC also raises questions about supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.

File A Claim To Recover Your Investment Losses At David A. Noyes & Company

If you have questions about David A. Noyes & Company, Coastal Equities, Inc., Wells Fargo Advisors Financial Network, LLC and/or Sam Aziz and the management or performance of your accounts please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.

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Robert Wayne Pearce

Robert Wayne Pearce of The Law Offices of Robert Wayne Pearce, P.A. has been a trial attorney for more than 40 years and has helped recover over $170 million dollars for his clients. During that time, he developed a well-respected and highly accomplished legal career representing investors and brokers in disputes with one another and the government and industry regulators. To speak with Attorney Pearce, call (800) 732-2889 or Contact Us online for a FREE INITIAL CONSULTATION with Attorney Pearce about your case.

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