Sara Qazi Suspended by FINRA
Sara Qazi (CRD #: 4118177), a broker registered with Raymond James, is the subject of a FINRA suspension. This is according to her BrokerCheck record, accessed on February 14, 2024. Keep reading if you have questions regarding this broker’s alleged conduct.
FINRA Suspension
On November 6, 2023, Sara Qazi entered into an Acceptance, Waiver, and Consent agreement (AWC) with FINRA in which she consented to the findings that she participated in a private securities transaction. A firm customer allegedly purchased $250,000 of preferred stock in a healthcare company. Sara Qazi allegedly did not provide written notice to Morgan Stanley prior to participating in the transaction.
From June through July 2020, Sara Qazi allegedly distributed a written presentation prepared by a healthcare company. The presentation allegedly did not disclose any of the risks associated with an investment in the healthcare company’s private offering. She also allegedly distributed a financial model prepared by the healthcare company to a firm customer which allegedly did not disclose any risks or limitations associated with the offering.
FINRA Rule 3280 – Private Transactions
FINRA Rule 3280 requires brokers to seek approval from their firm before engaging in private securities transactions.
FINRA Rule 2210
FINRA Rule 2210 defines how firms and brokers are permitted to communicate with the public (e.g., in advertising). This rule requires all communications with the public to be fair and balanced and free from any false or misleading statements.
Terms of the AWC
As part of the terms of the AWC, Sara Qazi consented to a three-month suspension and a $15,000 fine. You can read a copy of the AWC here.
Resignation from MSSB
On March 12, 2021, Sara Qazi was permitted to resign from MSSB. This followed allegations that she engaged in outside activities that were not approved by the firm.
Background Information
Sara Qazi has passed the following exams:
- Series 66 Uniform Combined State Law Examination
- Series 63 Uniform Securities Agent State Law Examination
- SIE – Securities Industry Essentials Examination
- Series 7 General Securities Representative Examination
She is a registered broker in 15 states and is a registered investment adviser in California and Texas.
During her 22 years of experience, she has registered with the following firms:
- Raymond James & Associates (CRD #: 705)
- Morgan Stanley (CRD #: 149777)
- UBS Financial Services (CRD #: 8174)
- Credit Suisse First Boston (CRD #: 816)
- Donaldson, Lufkin & Jenrette Securities (CRD #: 7560)
Kurta Law Can Help
If you have worked with Sara Qazi and you have concerns about your investments, do not hesitate to contact us at 877-600-0098 or info@kurtalawfirm.com for a free consultation.
For nearly 20 years, Kurta Law has advocated for investors 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. Do not let securities fraud go unchecked. Start your recovery process today.
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