Shalom Azar is the Subject of Advisory Fee Allegations

Shalom Azar (CRD #: 7125424), a broker registered with Wells Fargo Advisors Financial Network, is the subject of several investor disputes. This disclosure appears on his BrokerCheck record, accessed on October 19, 2025. Keep reading if you have questions regarding his alleged conduct.

Investor Allegations

On September 4, 2025, an investor alleged that it was improper for their financial advisory team to make purchases in his commission-based account and then transfer the positions to their managed account, where he would be charged an additional advisory fee.

According to allegations filed on August 25, 2025, an investor alleged that Shalom Azar misrepresented commissions charged on trades and rates on an advisory account.

Employment Separation After Allegations

On July 22, 2025, Shalom Azar voluntarily resigned from Morgan Stanley following allegations regarding moving client shares between different account types.

Misrepresentation

FINRA Rule 2020 prohibits the use of manipulation, deception, and other fraudulent methods to influence investors’ decisions. This includes the misrepresentation or omission of information, such as an investment’s potential fees and commissions.

Background Information

Shalom Azar has passed the following exams:

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

He has registered with the following firms:

• Wells Fargo Advisors Financial Network (CRD #: 11025)
• Morgan Stanley (CRD #: 149777)
• Merrill Lynch, Pierce, Fenner & Smith (CRD #: 7691)

Kurta Law Can Help

If you worked with Shalom Azar 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.