Fired by Merrill Lynch for selling away and unauthorized trading, Portland, Oregon broker Ali F. Chehab told FINRA, "I do not care if I get barred" in response to a request for information as part of the regulator's investigation of Chehab in connection with the broker's termination from Merrill Lynch.
According to the BrokerCheck file for Ali Chehab (CRD 7625979), Merrill Lynch discharged the broker in 2024 for failing to adhere to firm standards pertaining to selling away, improper recommendations to a self-directed customer, and for using a personal e-mail address to conduct firm business.
A pair of customer disputes, settled for a combined $362,000, and alleged that Chehab used their sign-on to trade in a self-directed account. An earlier complaint that ultimately was closed with no action alleged misrepresentation and that Chehab used personal text messages to engage in unauthorized selling away activity.
Prior to association with Merrill Lynch, Chehab served as a broker at Equitable Advisors, LLC, also of Portland, OR.
If you invested with former Merrill Lynch broker Ali F. Chehab or with any investment adviser or brokerage firm whose unauthorized trades, unsuitable recommendations, outside business activities, or selling away misconduct has proven harmful to your investments or interests, please call an experienced FINRA arbitration attorney at The Law Offices of Jonathan W. Evans & Associates at (800) 699-1881 for an investigation and consultation.