Were you the victim of former Merrill Lynch, Pierce, Fenner & Smith Incorporated broker Ali Chehab (CRD# 7625979)? He was registered with Merrill Lynch, Pierce, Fenner & Smith Incorporated in Portland, Oregon, from 2023 to 2024, when he was terminated regarding, “Conduct including failure to adhere to firm standards regarding selling away, impermissible recommendation to a self-directed customer, and impermissible use of personal email address to conduct firm business.” He was previously registered with Equitable Advisors, LLC in Portland, Oregon, from 2022 to 2023.
In August 2025, he was named in a FINRA complaint that alleged that he “failed to respond to requests for information and documents that FINRA made as part of its investigation into allegations that Chehab had engaged in sales practice violations including selling away, unauthorized trading, and making material misrepresentations to customers. The complaint alleges that Chehab’s failure to provide the requested information and documents impeded FINRA’s investigation into his potential misconduct because he deprived FINRA of documents and information that was material to its investigation.”
Ali Chehab Customer Complaints
He has been the subject of three customer complaints in 2024, one of which was closed without action, according to his CRD report:
August 2024. “Customer alleges financial advisor used their sign on to trade their self-directed account from May 2024 through August 2024.” The case was settled for $319,415.23. The complaint was regarding equity OTC losses.
August 2024. “Customer alleges financial advisor used their sign on to trade their self-directed account from May 2024 through August 2024.” The case was settled for $42,783.93. The complaint was regarding equity OTC losses.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Merrill Lynch, Pierce, Fenner & Smith Incorporated may be liable for investment or other losses suffered by Ali Chehab’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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