| Read Time: 2 minutes | News & Articles |


Simon Joseph Of Momentum Independent Network Inc. And Formerly With Truist Investment Services, Inc. and BB&T Securities, LLC Has 2 Customer Complaints For Alleged Broker Misconduct

Who is Simon Joseph of Momentum Independent Network Inc.?

Simon Joseph

Simon Joseph (CRD #5602157) who is currently registered as a broker and investment adviser with Momentum Independent Network Inc. and located in Richmond, Virginia, is a subject of one of our many securities industry sales practice abuse investigations. Prior to Momentum Independent Network Inc., Simon Joseph was associated with Truist Investment Services, Inc., BB&T Securities, LLC and other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems. Simon Joseph has had his own regulatory problems. In 2019, he was suspended and all capacities for 30 business days and fined $10,000 for allegedly exercising discretionary trading authority in accounts of customers who gave him verbal, rather than written authorization to exercise discretion, and did not obtain prior approval from his member firm to service the accounts on a discretionary basis.

Investment Losses? Let’s talk.

or, give us a ring at (800) 732-2889.

Simon Joseph Customer Complaints

Simon Joseph has been the subject of 2 customer complaints that we know about to recover investment losses. One customer complaint was settled by Morgan Stanley in favor of the investors. The other customer complaint is pending in a recently filed FINRA arbitration proceeding against Truist Investment Services for Simon Joseph’s alleged misconduct.

Allegations Against Simon Joseph

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

  • Unauthorized trading.
  • Unauthorized transactions involving common and preferred stocks.

Simon Joseph Red Flags & Your Rights As An Investor

Of course, Simon Joseph 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 Simon Joseph at Momentum Independent Network Inc., Truist Investment Services, Inc. and BB&T Securities, LLC on alert to review carefully the activity and performance of their accounts and question whether Simon Joseph has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Momentum Independent Network Inc., Truist Investment Services, Inc. and BB&T Securities, LLC also raises questions about the brokerage firms’ supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.

Did You Lose Money Because of Broker Misconduct?

best investment fraud lawyers

If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.

Need Legal Help? Let’s talk.

or, give us a ring at 561-338-0037.

File A Claim To Recover Your Investment Losses At Momentum Independent Network Inc. Due To Simon Joseph

If you have questions about Momentum Independent Network Inc., Truist Investment Services, Inc., BB&T Securities, LLC and/or Simon Joseph 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.

Author Photo

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.

Rate this Post

1 Star2 Stars3 Stars4 Stars5 Stars