Investor Alleges Muhammad Siddiqi’s Recommendation Was Unsuitable

Muhammad Siddiqi (CRD #: 4234395), a broker registered with Morgan Stanley, was recently involved in an investor dispute, according to his BrokerCheck record, accessed on September 2, 2022. Read on if you have questions about his conduct as a broker.

Investor Dispute

On June 22, 2022, an investor alleged that, among other things, Muhammad Siddiqi made a recommendation to establish a liquidity access line in 2014 to fund the purchase of an apartment that was not in the client’s best interest. This dispute was denied by the firm.

Investors should know, however, that firms can deny disputes without an external review. Investors can still pursue FINRA arbitration after a denial and potentially recoup their losses.

FINRA Rule 2111 

FINRA Rule 2111 requires brokers to consider whether an investment or investment strategy suits their client’s financial goals by examining the investor’s profile. These profiles describe an investor’s tax status, age, and other information.

FINRA Rule 2010

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

Background Information

Muhammad Siddiqi has passed the following exams:

• Series 66 – Uniform Combined State Law Examination
• SIE – Securities Industry Essentials Examination
• Series 7 – General Securities Representative Examination

Muhammad Siddiqi is a registered broker in 20 states and the District of Columbia. He is also a registered investment adviser in California and Texas.

He has also worked for the following firms:

• Glaze Capital Management (CRD#:111885)
• First Allied Securities (CRD#:32444)
• Round Hill Securities (CRD#:35223)
• Morgan Stanley (CRD#:7556)

Kurta Law Can Help

If you worked with Muhammad Siddiqi 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 and 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.