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Asad Ali Fired from Charles Schwab & Co.

Securities Lawyer Jonathan Kurta
By: Jonathan Kurta Author
September 10, 2025 at 7:55pm

Asad Ali (CRD #: 5428258), a broker formerly registered with Charles Schwab & Co., allegedly violated firm policy, according to his BrokerCheck record, accessed on August 2, 2025. Read on if you want to know more about his alleged conduct as a broker.

Termination from Charles Schwab & Co.

On April 14, 2025, Asad Ali was fired from Charles Schwab & Co. following allegations that he failed to follow the firm’s recordkeeping requirements.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.

Background Information

Asad Ali has passed the following exams:

  • Investment Company Products/Variable Contracts Representative Examination – Series 6TO
  • Securities Industry Essentials Examination – SIE
  • General Securities Representative Examination – Series 7
  • Investment Company Products/Variable Contracts Representative Examination -Series 6
  • Uniform Investment Adviser Law Examination – Series 65
  • Uniform Securities Agent State Law Examination – Series 63

He previously worked for the following firms:

  • Charles Schwab & Co.(CRD#:5393)
  • TD Ameritrade (CRD#:7870) 
  • E*Trade Securities (CRD#:29106)
  • Morgan Stanley (CRD#:149777)
  • Merrill Lynch, Pierce, Fenner & Smith (CRD#:7691)
  • MetLife Securities (CRD#:14251)
  • Pruco Securities (CRD#:5685)
  • First Investors Corporation (CRD#:305) 

Kurta Law Can Help

If you worked with Asad Ali and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf. 

 

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