Simon Joseph Allegedly Failed to Disclose a Consent Order

Simon Joseph (CRD #: 5602157) has been suspended by FINRA. This disclosure appears on his BrokerCheck record, accessed on November 25, 2025. Keep reading if you have questions regarding his alleged conduct.

Regulatory Action

On August 8, 2025, Simon Joseph entered into an Acceptance, Waiver, and Consent agreement (AWC), in which he consented to the findings that he failed to disclose a Maryland Securities Division Consent Order alleging that he engaged in dishonest and unethical practices by effecting discretionary transactions in customer accounts.

As part of the terms of the AWC, Simon Joseph consented to a six-month suspension and a $5,000 fine. You can read a copy of the AWC here.

Investor Allegations

On May 11, 2023, an investor alleged that Simon Joseph executed unauthorized trades, made unsuitable recommendations, and misrepresented investments. The dispute was settled for $90,000.

Employment Separation After Allegations

On March 1, 2022, Simon Joseph voluntarily resigned from Truist Investment Services following allegations that he misrepresented details surrounding his usage of loan proceeds from his personal securities-backed line of credit as well as details related to compensation for an outside business activity, which was approved under the condition he would not be compensated.

Unauthorized Trading

Unauthorized trading violates FINRA Rule 3260, which limits brokers to exercising their trading discretion in pre-approved accounts. Both the firm and the client must authorize an account for discretionary trading.

Background Information

Simon Joseph has passed the following exams:

• Series 65 Uniform Investment Adviser Law Examination 
• Series 66 Uniform Combined State Law Examination
• SIE – Securities Industry Essentials Examination 
• Series 31 Futures Managed Funds Examination 
• Series 7 General Securities Representative Examination

During 15 years of experience, Simon Joseph has registered with seven firms:

• LPL Financial (CRD #: 6413)
• Momentum Independent Network (CRD #: 17587)
• Truist Investment Services (CRD #: 17499)
• BB&T Securities (CRD #: 142785)
• Morgan Stanley (CRD #: 149777)
• AXA Advisors (CRD #: 6627)
• ING Financial Partners (CRD #: 2882)

Kurta Law Can Help

If you worked with Simon Joseph 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.