Last Updated: September 2025 — Alexandria, VA
Here’s what you need to know about Alexandria, VA, stockbroker Simon M. Joseph:
- Name: Simon M. Joseph
- Alias: Simon Michael Youssef, Simon Michel Youssef
- Current Employer: United Advisors Group – Investment Adviser Representative (Currently suspended by FINRA).
- Prior Firms: LPL Financial LLC (05/2024–08/2024); Momentum Independent Network Inc. (03/2022–05/2024); Truist Investment Services, Inc. (02/2021–03/2022); BB&T Securities, LLC (08/2016–02/2021); Morgan Stanley (08/2009–08/2016); AXA Advisors, LLC (05/2009–07/2009); ING Financial Partners, Inc. (12/2008–06/2009).
- CRD number: 5602157.
- Stockbroker / Financial Advisor: Suspended FINRA-registered broker; currently serving as an investment adviser representative.
- Can Broker be Sued in FINRA: Yes
- Sanctioned by Securities Regulators: Yes
- Discharged by a Prior Employer: Yes
- Highest Award or Settlement: $90,000
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 (Youssef) As Your Stockbroker?
Regulators have sanctioned Joseph three times: FINRA’s 10/10/2019 AWC (30-business-day suspension; $10,000 fine) for exercising discretion without written authorization and mismarking order tickets; Maryland’s 11/21/2019 Consent Order imposed a short suspension and conditions; and FINRA’s 08/08/2025 AWC (six-month suspension beginning 08/18/2025; $5,000 fine) for willfully failing to update Form U4 to disclose the Maryland order, resulting in statutory disqualification.
A FINRA customer arbitration was filed on April 13, 2023 against Truist Investment Services, Inc. (FINRA Case No. 23-00956) alleging that Joseph made unauthorized trades in a managed account and unsuitable recommendations, misrepresentation, failure to supervise, breach of fiduciary duty, and committed violations of Virginia securities laws. The matter settled for $90,000 in April 2024.
An earlier customer complaint at Morgan Stanley alleged unauthorized trading from February 2015 to July 2016 and settled for $70,000 in September 2016.
Allegations of Broker Misconduct Against Simon M. Joseph (Youssef)
- Unsuitability — recommending transactions or strategies inconsistent with a customer’s risk tolerance and objectives (FINRA Rule 2111 suitability).
- Breach of Fiduciary Duty
- Fraud / Misrepresentation
- Unauthorized Trading / Discretion Without Written Authorization
- Mismarking Order Tickets
Other Cases Involving Unauthorized Trading
Recover Your Investment Losses Now With Rex Securities Law
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.