Unsuitable Investment Recommendations with Former LPL Financial LLC Broker Azmi Sharif

LPL Financial LLC

Former LPL Financial LLC broker Azmi Sharif (CRD# 6481342) is accused of unsuitable investment recommendations. He was registered with LPL Financial LLC in Elmhurst, Illinois, from 2018 to 2023, when he was terminated regarding, “Inadequate disclosure of outside business activity. Participated in private investments without notice to Firm.”

Azmi Sharif Customer Complaints

He has been the subject of one customer complaint, according to his CRD report:

July 2022. “Complaint alleged unsuitability and misrepresentation of private placement investment (3/1/22-7/05/22).” The case was settled for $500,000. The complaint was regarding private placement investment 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, LPL Financial LLC may be liable for investment or other losses suffered by Azmi Sharif’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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Author: Jeffrey Erez

The founder of Erez Law, Jeffrey Erez, focuses exclusively on securities arbitration and litigation. Mr. Erez passionately believes in representing aggrieved investors and obtaining justice for his clients through litigation.