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Read MoreMuhammad Wahdy: Merrill Lynch Fired Wahdy Capital Advisor
San Francisco financial advisor Muhammad Wahdy (CRD# 6266210) was recently fired by Merrill Lynch in connection with alleged rule violations. Financial Industry Regulatory Authority and Securities and Exchange Commission records show that he is currently registered as an investment advisor with Wahdy Capital.
Mr. Wahdy’s BrokerCheck report discloses his termination from Merrill Lynch. Filed in May 2023, the disclosure states that he was fired in connection with allegations that he failed to disclose an outside business activity. For reference. FINRA Rule 3270 forbids advisors like Mr. Wahdy from engaging in unapproved outside business activities. “No registered person may be an employee, independent contractor, sole proprietor, officer, director or partner of another person, or be compensated, or have the reasonable expectation of compensation, from any other person as a result of any business activity outside the scope of the relationship with his or her member firm,” the rule states specifically, “unless he or she has provided prior written notice to the member, in such form as specified by the member.” Brokers who violate this rule may be subject to disciplinary action by their member firms or by securities industry regulators.
According to the Financial Industry Regulatory Authority and the Securities and Exchange Commission, Muhammad Wahdy holds eight years of securities industry experience. Based in San Francisco, California, he has been an investment advisor with Wahdy Capital since June 2023. His registration history includes Merrill Lynch (San Francisco, Califorina; 2022-2023), Casey Securities (Greenbrae, California; 2022), Wells Fargo Clearing Services (San Francisco, Califorina; 2020-2021), Ameriprise Financial Services (Palo Alto, California; 2019-2020), Wahdy Capital (Sacramento, California; 2016-2019), Amerivest Investment Management (2016), TD Ameritrade (East Palo Alto, California; 2016), Wahdy Altahan (Sacramento, California; 2015-2016), and Merrill Lynch (San Francisco, California; 2014-2015). His credentials include the passage of five securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; the General Securities Representative Examination, or Series 7TO; the Uniform Combined State Law Examination, or Series 66; and the Uniform Securities Agent State Law Examination, or Series 63. He is licensed in California. (Information current as of June 24, 2023.)
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