Securities Arbitration Lawyers BlogYassin Mohamed And National Securities Corp.
Broker Yassin Mohamed (CRD #1673281) is a barred broker who formerly worked for National Securities Corporation (CRD#: 7569). His other former employers include Morgan Stanley (CRD#: 149777), UBS Financial Services Inc. (CRD#: 8174), and Prudential Securities Incorporated (CRD#: 7471).
Mohamed is the subject of five disclosures, including 2 customer disputes, 2 regulatory disputes, and 1 termination.
The first customer dispute was filed on 2/7/2017, and “Claimant alleged, inter alia, excessive trading with respect to trust accounts – 2012 to 2016.” The claimants requested damages of $3,500,000. The case was settled for $457,034.
The next customer dispute was filed on 4/13/2017. The allegation disclosed was “Claimant alleged, inter alia, excessive trading with respect to investments in clients’ accounts – 2012 to 2016.” The claimant requested damages of $2,000,000 and the case settled for $602,717.
An “Employment Separation After Allegations” disclosure was filed on 6/2/2017, which states that Mohamed was discharged for allegations “regarding registered representative’s failure to verbally confirm transactions prior to execution in clients’ accounts.”
A disclosure filed on 8/21/2018 states that Mohamed was indefinitely barred for allegation that “Respondent Yassin failed to respond to FINRA request for information.”
The final regulatory disclosure, filed on 10/29/2018, states allegations: “Respondent Mohamed Yassin failed 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.”
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