MOTAZ ASHRI Terminated After MORGAN STANLEY SMITH BARNEY Allegations – Goodman & Nekvasil, P.A.
MOTAZ ASHRI Terminated After MORGAN STANLEY SMITH BARNEY Allegations. Ashri was terminated related to details of the representative’s reporting of an outside private securities investment, according to allegations from Ashri’s former broker dealer.
MOTAZ ASHRI (CRD#: 8018725), a former broker for MORGAN STANLEY SMITH BARNEY in Miami, FL was terminated after employer allegations.
According to MORGAN STANLEY SMITH BARNEY, the allegations are related to details of the representative’s reporting of an outside private securities investment and emailing a client of the Firm information about this securities investment opportunity and an outside real estate investment opportunity.
ASHRI was subsequently hired by OPPENHEIMER & CO. INC. and is currently a broker in Coral Gables, FL.
MOTAZ ASHRI
CRD#: 8018725
FINRA and Outside Business Requirements
According to FINRA: No registered person may be an employee, independent contractor, sole proprietor, officer, director or partner of another person, or be compensated, or have the reasonable expectation of compensation, from any other person as a result of any business activity outside the scope of the relationship with his or her member firm, unless he or she has provided prior written notice to the member, in such form as specified by the member.
Passive investments and activities subject to the requirements of Rule 3280 shall be exempted from this requirement.
FINRA and Private Security Transactions
FINRA Rule 3280 (Private Securities Transactions): Prohibits brokers from executing securities transactions outside the regular course of their employment unless they provide prior written notice to their firm and receive explicit, written authorization.
Call 800-500-4442 if you think that you have received unsuitable investment recommendations from your broker.
MOTAZ ASHRI Terminated After MORGAN STANLEY SMITH BARNEY Allegations.
Goodman & Nekvasil, P.A., is investigating brokers who may have unsuitably recommended investments to their clients.
St. Petersburg, Florida law firm Goodman & Nekvasil, P.A., has a national practice representing victimized investors. The firm continues to investigate brokerage firms that placed elderly retirees and other conservative investors in unsuitable investments.
Goodman & Nekvasil, P.A., has filed numerous cases against brokerage firms selling high-risk investments and has recovered more than $500 million dollars on behalf of victimized investors.
We allege in these cases that these investment recommendations were unsuitable for our clients in view of their financial situation, needs and investment objectives.
There is no charge for an evaluation of your case. We handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee.
If you incurred losses on your investment and would like your case evaluated by a securities attorney, please contact us.
Some of the information in this blog post was obtained from FINRA on 6/18/26. If you believe this information was reported incorrectly, please contact our firm: 1-800-500-4442.