Haselkorn & Thibaut, a leading national investment fraud law firm, has recently opened an investigation into concerns and recent activity involving Mood ElAwadi (CRD# 5319152), a financial advisor formerly registered in Orlando, Florida with Wells Fargo Clearing Services. With investor protection at the forefront, our firm is committed to providing investors with clear and up-to-date information. If you have worked with Mr. ElAwadi or been influenced by his financial advice, this report is designed to provide a comprehensive overview of pertinent facts, potential red flags, and next steps to protect your financial interests.
Who is Mood ElAwadi?
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Mr. ElAwadi is an industry veteran with over 18 years of experience in the financial sector, most recently based in Orlando, Florida. His career has included positions at major broker-dealers, such as Merrill Lynch, Morgan Stanley, and Morgan Keegan & Company. From 2019 until December 2025, he served as a broker with Wells Fargo Clearing Services. At the time of this report (as of February 6, 2026), Mr. ElAwadi is no longer registered as a broker or investment advisor. This recent change, combined with certain disclosures, warrants investor attention.
Key Disclosures: What Investors Need to Know
| Date | Type of Disclosure | Description |
|---|---|---|
| December 2025 | Employment Termination | Terminated by Wells Fargo for allegedly soliciting and facilitating client investments in an outside business activity, a potential violation of firm policy and FINRA Rule 3270. |
| November 2025 | Customer Complaint | A pending complaint alleges that Mr. ElAwadi “falsely induced” a client to invest in a business he owned. The claim seeks damages of $1.5 million. |
While only these two significant disclosures are on record, it’s critical for investors to recognize that even a single customer complaint, especially when paired with a termination, may signal underlying risks. Moreover, regulatory rules require advisors to conduct all outside business transparently and with firm approval.
Regulatory Context: Understanding the Allegations
- FINRA Rule 3270 prohibits registered representatives from participating in any outside business activity that is not disclosed in advance to and approved by their broker-dealer.
- FINRA Rule 3280 restricts private securities transactions—often called “selling away”—unless proper written notice is given and approval received from the employing firm.
- Firms may terminate or discipline brokers who do not follow these procedures, and such violations can be red flags for possible investor harm.
In Mr. ElAwadi’s case, the disclosures allege that he solicited client investments in an entity he owned, without following firm or regulatory procedures. If proven, this behavior could represent a major breach of investor trust and industry obligations.
Red Flags and What They Mean for Investors
- Recent Termination for Cause: Any departure tied to violations of firm or FINRA rules is a serious issue.
- Pending Large-Scale Customer Complaint: The $1.5 million claim underscores the client’s concern and suggests other affected investors may yet come forward.
- Outside Business Activity (OBA) Allegations: Participation in undisclosed OBAs often signals either carelessness or intentional circumvention of compliance safeguards. Outside business deals may be riskier or less transparent than those offered by major brokerage firms.
- No Other Disclosed Complaints (as of today): While only one formal client complaint is currently pending, other affected investors may still have time to file complaints or claims.
Current Status and Registration
- As of the most recent search, Mr. ElAwadi is NOT registered with any broker-dealer or as an investment advisor.
- No other regulatory or civil actions have been documented outside the two disclosures listed above.
- If you suspect misconduct or wish to confirm the latest status, you can view his public profile on FINRA BrokerCheck.
What To Do If You Worked with Mood ElAwadi at Wells Fargo in Orlando, FL
- Review your investment records to look for any transactions or outside business dealings that may not have been fully explained or documented.
- Be alert for unsolicited investment opportunities that were not directly handled by Wells Fargo, especially if they involved unrelated businesses or LLCs.
- Contact Haselkorn & Thibaut for a Free Consultation—Even if you are unsure whether you have a claim, it’s always wise to get a professional opinion.
Why Choose Haselkorn & Thibaut?
- Over 50 years’ combined experience representing investors nationwide.
- 98% success rate in claims against financial advisors and investment firms.
- Millions recovered for clients on a “no recovery, no fee” basis.
- All consultations are confidential and without obligation—your peace of mind is our priority.
Haselkorn & Thibaut is actively investigating matters involving Mood ElAwadi and Wells Fargo Clearing Services. If you have concerns about investments recommended or handled by Mr. ElAwadi, it’s important to act quickly, as certain claims are subject to strict timelines.
Contact Us Today
Call 1-888-885-7162 or visit Haselkorn & Thibaut for a free, confidential consultation. You deserve the highest level of advocacy to recover your losses and protect your financial future.
If you or someone you know has questions about Mood ElAwadi (Wells Fargo, Orlando, FL), do not wait—reach out today. Your path to financial recovery starts with a simple, confidential conversation.
