Wells Fargo Stockbroker Accused Of Unauthorized Trading
Hossein Amirriahei (also known as Amir Amirriahei and as Riahei Amirriahei) of Los Angeles California a stockbroker formerly employed by Wells Fargo Advisors is the subject of a customer initiated investment related written complaint on May 30, 2017 in which the customer requested $150,000.00 in damages based upon allegations that trades had been executed in the customers’ investment accounts without the customer’s authorization while Amirriahei was associated with Wells Fargo Advisors.
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that this is the first complaint involving Amirriahei’s conduct since he was barred by FINRA. In particular, Amirriahei was barred from associating with any FINRA member in any capacity supported by accusations of Amirriahei’s hindering of a FINRA investigation concerning allegations of his unauthorized trading. Letter of Acceptance Waiver and Consent No. 2016051344401 (Apr. 17, 2017).
Amirriahei has been identified in two additional customer initiated investment related disputes containing accusations of his misconduct while employed with Wells Fargo and Pruco Securities. In particular, a customer initiated investment related arbitration claim regarding Amirriahei’s activities was settled for $60,000.00 in damages founded on allegations that while Amirriahei was associated with Prudential Securities Incorporated, he gave the customer bad advice concerning the customer’s investments in energy sector equities.
Thereafter, a customer filed an investment related complaint regarding Amirriahei’s activities where the customer sought unspecified damages based upon accusations that when Amirriahei was associated with Prudential Securities Incorporated, he omitted information concerning the fees and charges on the customer’s insurance policies; and effected a withdrawal from the customer’s investment account without getting the customer’s approval.
FINRA Public Disclosure further confirms that Amirriahei was discharged by Wells Fargo Advisors LLC on September 6, 2016 supported by allegations of Amirriahei having exercised discretion in customer accounts, placing trades without permission in violation of FINRA rules and the policies of Wells Fargo Advisors LLC.