Last Updated: April 2025 | Kirkland, WA
Moghis Mohammad Investigation Summary
Here’s what you need to know about Kirkland, WA, financial advisor Maurice Uddin:
- Name: Moghis Uddin Mohammad
- CRD Number: 4912020
- Function: Stockbroker / Registered Investment Advisor
- Alias: Maurice Uddin
- Primary Location: Kirkland, WA
- Current Status: Not currently registered as a broker or as a registered investment advisor
- Last Registered Firm: Vita Intellectus, LLC (as Investment Adviser Representative)
- Former Broker-Dealer: Ameriprise Financial Services, Inc. (2005–2011)
- Sanctioned by Securities Regulators: Yes
If you’ve sustained damages from Mr. Mohammad, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Moghis (Maurice Uddin) Mohammad As Your Financial Advisor?
On August 21, 2024, the Washington State Securities Division entered into a Consent Order (Case No. S-19-2806-24-CO03) with Moghis Uddin Mohammad following a regulatory action involving egregious misconduct in connection with his role at Vita Intellectus, LLC.
Summary of Misconduct:
- Mohammad engaged in high-frequency trading and used leveraged ETFs across multiple client portfolios, regardless of clients’ risk profiles.
- Clients were led to believe their strategies were custom-tailored, while in reality, uniform risky trading tactics were used.
- Losses spanned millions of dollars, affecting clients ranging from early-career professionals to retirees throughout King and Snohomish counties, Washington.
- When clients raised concerns, Mohammad allegedly blamed macroeconomic or political events instead of acknowledging the unsuitability of the strategy.
Sanctions Ordered:
- Permanent Bar from registration in any securities capacity
- Cease and Desist from violating the Securities Act of Washington
- $720,000 fine
Firms Have a Duty to Supervise their Financial Advisors (FINRA Rules 3110 & 2090)
Brokers and their firms have a duty to comply with the FINRA suitability rule which requires that they have a reasonable basis to believe that a recommendation is suitable for the customer.
FINRA Rule 2111- suitability -Regulation Best Interest
Allegations of Broker Misconduct Against Moghis (Maurice Uddin) Mohammad
The final regulatory action against Moghis Mohammad includes the following key violations:
- Breach of Fiduciary Duty
- Fraudulent and Deceptive Practices
- Suitability Violations
Despite working with risk-averse and retirement-age clients, Mohammad placed them in leveraged ETFs and high-frequency trades, unsuitable for their investment profiles—potentially violating FINRA Rule 2111, which mandates investment recommendations must be suitable based on a client’s financial situation and risk tolerance.
Recover Your Investment Losses Now With Rex Securities Law
Investigations of other Ameriprise Financial brokers
If you have suffered investment losses in an account handled by Moghis Uddin Mohammad, contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL, and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors, and broker-dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.