Last Updated: September 2025 — Alexandria, VA
Here’s what you need to know about Alexandria, VA stockbroker Simon M. Joseph:
- Name: Simon Michel Joseph (a/k/a Simon M. Joseph)
- Current Employer: United Advisors Group — Investment Adviser Representative (8/2024–Present), Alexandria, VA; not currently registered as a broker with FINRA.
- Prior Firms: LPL Financial LLC (05/2024–08/2024, Alexandria, VA); Momentum Independent Network Inc. (03/2022–05/2024, Dallas, TX); Truist Investment Services, Inc. (02/2021–03/2022, Alexandria, VA); BB&T Securities, LLC (08/2016–02/2021, Richmond, VA); Morgan Stanley/Morgan Stanley Smith Barney (08/2009–08/2016, Alexandria, VA); AXA Advisors, LLC (05/2009–07/2009, Lansdowne, VA); ING Financial Partners, Inc. (12/2008–06/2009, Lansdowne, VA).
- CRD number: 5602157.
- Stockbroker / Financial Advisor: Not currently registered as a broker; has passed SIE, Series 7, 31; state exams Series 65 and 66; currently active as an investment adviser rep.
- Can Broker be Sued in FINRA: Yes — customers may pursue FINRA arbitration regarding conduct while associated with member firms. (See 2023 FINRA case noted below.)
- Sanctioned by Securities Regulators: Yes — FINRA AWC (2019; $10,000 fine; 30-business-day suspension); Maryland Securities Division Consent Order (2019; suspension and conditions); FINRA AWC (08/08/2025; $5,000 fine; six-month suspension beginning 08/18/2025; statutory disqualification finding).
- Discharged by a Prior Employer: Yes — discharged by Morgan Stanley Wealth Management on 08/02/2016 for discretion and order-marking issues; Truist separation reported as “Voluntary Resignation” on 03/01/2022 after allegations tied to loan proceeds/compensation.
- Highest Award of Settlement: $90,000 (FINRA Case No. 23-00956; settled 04/23/2024).
- Current Customer Dispute Seeks Total Damages of: None currently reported as pending; two disputes shown as settled ($90,000 in 2024; $70,000 in 2016).
If you’ve sustained damages from Mr. Joseph, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Simon M. Joseph As Your Stockbroker?
- FINRA Arbitration (Settled): On April 13, 2023, a customer filed FINRA Case No. 23-00956 alleging unauthorized trades, unsuitable recommendations, misrepresentation, failure to supervise, breach of fiduciary duty, and violations of Virginia securities laws related to a managed account while at Truist Investment Services, Inc. The matter settled for $90,000 on April 23, 2024.
- Customer Complaint (Settled): A September 8, 2016 verbal complaint at Morgan Stanley Smith Barneyalleged unauthorized trading in listed equities from February 2015–July 2016; it settled for $70,000 the same day.
- Regulatory Actions:
- FINRA AWC (10/10/2019; Dkt. 2016050914401): Findings included exercising discretion without written authorization and mismarking tickets as unsolicited, causing inaccurate records; $10,000 fine and 30-business-day suspension (11/04/2019–12/16/2019).
- Maryland Securities Division Consent Order (11/21/2019; Dkt. 20190240): Found dishonest and unethical practices including discretionary trading without written authorization and mismarking; suspension (11/04/2019–12/16/2019) and conditions on registration for three years.
- FINRA AWC (08/08/2025; Dkt. 2024083025801): Willful failure to disclose the Maryland consent order on multiple Forms U4 across four firms; censure, $5,000 fine, six-month suspension (08/18/2025–02/17/2026) and statutory disqualification finding.
Allegations of Broker Misconduct Against Simon M. Joseph
- Unsuitability — recommending or effecting trades inconsistent with a customer’s risk tolerance can violate FINRA Rule 2111 (Suitability); for retail recommendations after June 30, 2020, the SEC’s Regulation Best Interest (Exchange Act Rule 15l-1) imposes a “best interest” care obligation. (Alleged in 2023 case.)
- Breach of Fiduciary Duty — often pled alongside Reg BI’s Care/Disclosure Obligations in retail accounts. (Alleged in 2023 case.)
- Fraud / Misrepresentation — misstatements or omissions are inconsistent with FINRA Rule 2020 and Rule 2010standards. (Alleged in 2023 case.)
- Unauthorized Trading / Use of Discretion — FINRA Rule 3260 (Discretionary Accounts) requires prior written customer authorization and firm approval; Joseph’s records include findings of exercising discretion without written authorization and mismarking order tickets.
- Books-and-Records Violations via Mismarking — mismarking solicited orders as “unsolicited” caused inaccurate firm records, implicating FINRA Rule 4511 (Books and Records).
Recover Your Investment Losses Now With Rex Securities Law
Investigation of LPL Financial and LPL Brokers-oils, Arbitrations & Customer Disputes
If you have suffered investment losses in an account handled by Simon M. Joseph, 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.