MUHAMMAD WAHDY – WAHDY CAPITAL Investment Adviser Terminated & Suspended – May Recover Investor Losses

MUHAMMAD WAHDY – WAHDY CAPITAL Investment Adviser Terminated & Suspended– May Recover Investor Losses

WAHDY CAPITAL Investment Adviser, Muhammad Wahdy Terminated & Suspended.

Muhammad R Wahdy (CRD#: 6266210), a former broker for MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED in SAN FRANCISCO, CA, was recently suspended for fifteen-months and fined $10,000.00 after the broker consented to FINRA sanctions.

According to Wahdy’s FINRA BrokerCheck report, Without admitting or denying the findings, Wahdy consented to the sanctions and to the entry of findings that he engaged in an unapproved outside business by acting as an investment advisor without notice to or approval from his three member firms during that period.

The findings stated that Wahdy acted as the owner, CEO, and CCO of an investment advisory firm. Wahdy provided investment advice to between 15 and 30 investors, none of whom were his brokerage customers. Wahdy’s responsibilities at the investment advisory firm also included paying rent and utility bills and hiring and managing employees, as well as communicating with his clients about their investment accounts and disseminating investor newsletters.

Between 2019 and 2023, Wahdy received portfolio management fees and advisory fees from the investment advisory firm totaling approximately $148,000. Wahdy submitted annual compliance questionnaires and an annual attestation to his employing brokerage firms in which he inaccurately stated that he had no OBAs to disclose. In addition, Wahdy inaccurately certified to one firm that he had no OBAs. The findings also stated that Wahdy participated in a private securities transaction by soliciting $250,000 from one investor for limited partnership interests in a pooled investment fund without prior disclosure to, or approval from, his employing brokerage firm.

MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED Terminated Conn’s Employment on June 8, 2023

Wahdy’s former broker dealer alleged conduct involving failure to disclose an outside business activity when they discharged the broker.

MUHAMMAD WAHDY – WAHDY CAPITAL Investment Adviser Terminated & Suspended– May Recover Investor Losses

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 $400 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 4/16/25. If you believe this information was reported incorrectly, please contact our firm: 1-800-500-4442.