Wessam Baiz (also known as Wes Baiz) of Perrysburg Ohio a stockbroker formerly employed by Huntington Investment Company has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Baiz failed to cooperate with an investigation into accusations of (1) Baiz’s undisclosed outside business activities and (2) Baiz’s failure to comply with a heightened supervision plan that was in effect during the period in which Baiz was employed by Huntington Investment Company. Letter of Acceptance Waiver and Consent No. 2018059632301 (Oct. 25, 2019).

According to the AWC, when Baiz was terminated by Huntington Investment Company in October 2018, the securities broker dealer informed FINRA that the reasoning behind discharging Baiz was that he failed to abide by the terms of a heightened supervision plan. The AWC stated that this plan was put in place because of Baiz’s engagement in an undisclosed outside business activity. Following the securities broker dealer’s notification of this information, FINRA commenced an investigation into Baiz’s activities.

The AWC revealed that Baiz was called upon by FINRA personnel under Rule 8210 to provide recorded testimony as to the allegations made by Huntington Investment Company. Although Baiz made an appearance to testify on July 2, 2019, there were still unresolved questions which prompted FINRA’s request for more documentation to be provided by him.

The AWC stated that Baiz was expected to hand over information and documentation to FINRA by a July 26, 2019 deadline in order for him to be compliant with Rule 8210. Instead of complying with FINRA’s request, Baiz e-mailed the regulator on July 15, 2019 to confirm that he would produce no information or documentation at any point. FINRA determined that Baiz’s refusal to furnish information and documentation constituted violations of FINRA Rules 2010 and 8210. Baiz was barred by FINRA as a result.

Baiz was registered with Huntington Investment Company from April 4, 2017 to October 30, 2018.

The information contained herein has been obtained from reliable sources however may not be accurate and is not guaranteed by us. Readers are encouraged to undertake their own independent investigation and evaluation of the relevant facts. All claims and allegations are subject to adjudication, decisions may be subject to appeal, and no inference is intended, nor should any inference be made from any information contained herein from any source.

Questions or comments regarding the source or accuracy of any information, including any subsequent developments, should be directed to:  [email protected]

This posting and the information on our website is for general information purposes only. This content should be not considered legal advice, and any responses, comments, e-mails, other communications do not form any attorney client relationship. Attorney Advertisement. See Important Disclaimer.

Guiliano Law Group, P.C.

Our practice is limited to the representation of investors. Over the last three decades, we have recovered more than a hundred million dollars for more than 1,000 injured investors from all over the United States and several foreign countries. We accept representation purely on a contingent fee basis, meaning there is no cost to you unless we make a recovery for you. There is never any charge for a confidential consultation or an evaluation of your claim. For more information, contact us at (877) SEC-ATTY.

For more information concerning common claims against stockbrokers and investment professionals, please visit us at stockbrokerfraud.com

To learn more about FINRA Securities Arbitration, and the legal process, please visit us at securitiesarbitrations.com

Stockbroker Fraud. Securities Arbitration and Investment Fraud Lawyers.  
National Practice. Contingent Fee. Confidential Free Consultation.

 (877) SEC-ATTY

1700 Market Street, Suite 1005
Philadelphia, PA 19103
Direct: (215) 413-8223
Toll Free: (877) 732-2889

1260 South Soto Street, Suite 7
Los Angeles, California 90023
Direct: (213) 255-3475
Toll Free: (877) 732-2889

2750 NE 185th Street, Suite 302
Aventura, Florida 33180-2877
Direct: (786) 490-2413
Toll Free: (877) 732-2889

See Important Disclaimer

Tags: ,

No comments yet.

Leave a Reply

Name (required)

Email (will not be published) (required)