Last Updated: March 2024 (Southfield, MI)
Adam Mahd Investigation Summary
Here’s what you need to know about Southfield, MI, stockbroker Adam Mahd:
- Name: Mr. Adam Mahd
- Current Employer: MML Investor Services
- Previous Firms: MSI Investor Services, New England Securities, AXA Advisors
- Function: Stock Broker/ Financial Advisor
- Aliases: Adam Idreis Mahd, Ahmad Mahd
- Primary Location: Southfield, MI
- CRD 4817500
- Can Adam Mahd be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: No
- Pending Customer Dispute Seeks Damages of $200,000
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Adam Mahd As Your Stockbroker?
A customer of MML Investor Services filed a FINRA arbitration in 2/2024 alleging that Adam Mahd volatile foreign companies and risky bank and high– risk stocks that were not suitable or in his best interest causing damages of $200,000. This matter is currently pending.
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.
[LEARN MORE]: FINRA Rule 2111- suitability
Allegations of Broker Misconduct Against Adam Mahd
Customers of Adam Mahd have alleged the following wrongdoing in connection with the handling of customer accounts:
- Unsuitable Investment Recommendation to invest in high risk stocks
- Misrepresented features of a variable annuity
[LEARN MORE]: See this for our prior investigations of cases involving Annuities
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
Recover Your Investment Losses Now With Rex Securities Law
[LEARN MORE]: Investigations of Other MML Investors Services brokers
If you have suffered investment losses in an account handled by Adam Mahd, 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.
