At the time of the alleged misconduct, Salim was employed by Morgan Stanley in Deer Park, New York. The firm disclosed that it had terminated Salims’ registration due to concerns involving unauthorized sales and customer fund transfers. According to FINRA, while Salim did not admit or deny the findings, he chose not to appear for on-the-record testimony after initially cooperating with the investigation.
FINRA regulates the brokerage industry and investigate when things go awry. To prevent similar misconduct, firms are encouraged to strengthen internal controls that detect unusual account activity including unauthorized transfers or third-party payments. Regular audits, close supervision of broker activity, and implementing robust customer verification policies can reduce the risk of financial exploitation and help protect investors. Investors themselves should also monitor their account statements carefully and immediately report any discrepancies.
Did You Invest With Mohammed A. Salim?
If you made investments with Mohammed Salim, you may have concerns about how your accounts were handled. It is important to review your records carefully and explore your legal options. Investors may wish to consult with a securities attorney to understand potential remedies available.
Silver Law Group represents investors in securities and investment fraud cases. Our lawyers are admitted to practice in New York and Florida and represent investors nationwide to help recover investment losses due to stockbroker misconduct. If you have any questions about how your account has been handled, call to speak with an experienced securities attorney. Most cases are handled on a contingent fee basis, meaning that you won’t owe us until we recover your money for you. Contact us today at (800) 975-4345 and let us know how we can help.