Securities Arbitration Lawyers BlogMichigan-based Broker Merid Amde Suspended and Fined $20,000 By FINRA
Allegations include violation of firm policy, unsuitability, excessive trading, unsolicited trade confirmations, among others.
During a 27-year career in the securities industry, Michigan broker Merid Amde has a total of six disclosure events listed on his BrokerCheck record. The most recent disclosure event landed the broker with a 3-month suspension from association with any FINRA member in all capacities and a fine of $20,000.
A closer look at the allegations listed on the most recent settlement agreement indicates the following: