{"id":2549,"date":"2025-09-25T07:17:40","date_gmt":"2025-09-25T07:17:40","guid":{"rendered":"https:\/\/www.silvermillerlaw.com\/?post_type=disciplinary_actions&p=2549"},"modified":"2025-10-15T22:13:52","modified_gmt":"2025-10-15T22:13:52","slug":"broker-mohammed-a-salim-barred","status":"publish","type":"disciplinary_actions","link":"https:\/\/www.silvermillerlaw.com\/finra-disciplinary-actions\/broker-mohammed-a-salim-barred\/","title":{"rendered":"Broker Mohammed A. Salim Barred for Transferring Customer Funds to His Own Creditors"},"content":{"rendered":"

The Financial Industry Regulatory Authority (<\/span>FINRA<\/b>) has <\/span>permanently barred broker Mohammed A. Salim (CRD #7126671<\/a>)<\/b> from associating with any FINRA member firm after allegations surfaced that he improperly transferred funds from a client\u2019s account to cover his personal debts.<\/span><\/p>\n

At the time of the alleged misconduct, <\/span>Salim was employed by Morgan Stanley<\/b> in Deer Park, New York. The firm terminated his registration after identifying concerns involving <\/span>unauthorized sales and fund transfers<\/b> from a customer\u2019s account.<\/span><\/p>\n

According to FINRA\u2019s findings, Salim initially cooperated with investigators but later failed to appear for <\/span>on-the-record testimony<\/b>, violating <\/span>FINRA Rule 8210<\/b>, which requires brokers to provide information and testimony when requested. Though he did not admit or deny the allegations, his failure to comply resulted in a permanent bar from the securities industry.<\/span><\/p>\n

Alleged Misuse of Customer Funds<\/b><\/h3>\n

The accusations against Salim involve serious breaches of trust, including the <\/span>use of client funds for personal benefit<\/b>\u2014a clear violation of both FINRA regulations and fiduciary duty standards. Such conduct can have devastating financial and emotional consequences for investors who rely on brokers to act in their best interests.<\/span><\/p>\n

Investor Vigilance and Firm Responsibility<\/b><\/h3>\n

FINRA has encouraged member firms to adopt <\/span>stronger internal controls<\/b> to detect and prevent misconduct, including unauthorized transfers and third-party payments. Regular audits, supervisory reviews, and real-time monitoring of transactions can reduce the risk of financial exploitation.<\/span><\/p>\n

Investors should also take proactive steps by <\/span>reviewing their account statements regularly<\/b> and reporting any unexplained activity or discrepancies immediately.<\/span><\/p>\n

Silver Miller Holds Brokers Accountable<\/b><\/h3>\n

If you invested with <\/span>Mohammed A. Salim<\/b> or <\/span>Morgan Stanley<\/b> and believe your funds were mishandled, you may have grounds for legal action.<\/span><\/p>\n

Silver Miller<\/b><\/a> represents investors nationwide in cases involving <\/span>broker fraud, misappropriation of funds, and financial advisor misconduct<\/b>. Our attorneys help victims pursue recovery through <\/span>FINRA arbitration<\/b> and <\/span>civil litigation<\/b>.<\/span><\/p>\n

Contact<\/a> Silver Miller<\/b> to discuss your situation in a free, confidential consultation. We work on a contingency fee basis, meaning you don\u2019t pay unless we recover for you.<\/span><\/p>\n","protected":false},"featured_media":0,"template":"","meta":{"_acf_changed":false,"_links_to":"","_links_to_target":""},"class_list":["post-2549","disciplinary_actions","type-disciplinary_actions","status-publish","hentry"],"acf":[],"yoast_head":"\nBroker Mohammed A. Salim Barred for Improper Fund Transfers | Silver Miller<\/title>\n<meta name=\"description\" content=\"FINRA permanently barred Mohammed A. Salim for unauthorized sales and customer fund transfers. Silver Miller represents victims of broker fraud nationwide.\" \/>\n<meta name=\"robots\" content=\"noindex, nofollow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Broker Mohammed A. 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