Haselkorn & Thibaut has initiated an investigation into financial advisor Simon Joseph, formerly registered with LPL Financial and various national broker-dealers. If you are a current or former client of Simon Joseph, this thorough report will provide valuable information regarding his regulatory background, a list of disclosures, and practical steps you might consider if you have concerns about your investments. For further guidance, reach out to Haselkorn & Thibaut at 1-888-885-7162 for a free, confidential consultation.
Introduction to Simon Joseph’s Industry Background
Table of Contents
Simon Joseph, with a CRD number of 5602157, has held multiple positions as a registered representative at well-known firms, most recently with LPL Financial. His professional journey spans notable broker-dealers including Momentum Independent Network, Truist Investment Services, BB&T Securities, Morgan Stanley, AXA Advisors, and ING Financial Partners. Over nearly two decades, Mr. Joseph facilitated investment services nationwide, accumulating significant experience and passing several key industry examinations such as the Series 7, Series 66, Series 65, Series 63, and Series 24.
Employment History at a Glance
| Firm | Position | Start Date | End Date |
|---|---|---|---|
| LPL Financial | Registered Representative | 2024-05-01 | 2024-08-08 |
| Momentum Independent Network | Registered Representative | 2023-01-01 | 2024-05-01 |
| Truist Investment Services | Registered Representative | 2018-01-01 | 2023-01-01 |
| BB&T Securities | Registered Representative | 2016-01-01 | 2018-01-01 |
| Morgan Stanley | Registered Representative | 2011-01-01 | 2016-01-01 |
| AXA Advisors | Registered Representative | 2009-01-01 | 2011-01-01 |
| ING Financial Partners | Registered Representative | 2007-01-01 | 2009-01-01 |
Disclosures and Regulatory Concerns
It is crucial for investors to review the public regulatory and complaint records of any financial advisor. Simon Joseph has a total of three disclosures, consisting of two customer complaints and one regulatory action. Reviewing these records can help clients evaluate patterns that may signal potential concerns.
Complete List of Complaints and Actions
-
Customer Complaint – Truist Investment Services (2023-01-01):
Allegation: The customer alleged that Simon Joseph executed trades without authorization.
Outcome: The complaint was settled. -
Customer Complaint – Morgan Stanley (2016-01-01):
Allegation: The customer alleged that Simon Joseph made unauthorized trades on their behalf.
Outcome: The matter was settled. -
Regulatory Action – FINRA (2025-08-08):
Allegation: FINRA censured and suspended Simon Joseph for six months and imposed a $5,000 fine for willfully failing to disclose a consent order from the Maryland Securities Division on multiple registration applications.
Outcome: The action was settled.
Red Flags for Investors
- Multiple customer complaints, specifically regarding unauthorized trading, suggest a pattern that requires attention and careful evaluation by past and current clients.
- Regulatory censure and suspension indicate serious compliance lapses, especially related to disclosure obligations, which are considered a cornerstone of ethical practice in the financial services industry.
- Frequent changes in employment across several prominent firms in a relatively short span may also warrant additional scrutiny from clients and potential investors.
Why Do These Disclosures Matter to Investors?
Financial professionals are required to adhere to strict industry standards that put the investor’s interests first. Allegations and confirmed settlements stemming from unauthorized trading can have a direct impact on an investor’s financial well-being and trust.
Regulatory actions, such as the one issued by FINRA, reflect deeper concerns about transparency and disclosure. Failing to disclose important regulatory orders could put investors at risk by obscuring vital information needed for making informed decisions about whom to trust with their money.
Steps for Concerned Investors
- Review Simon Joseph’s public record via FINRA BrokerCheck.
- Document any concerns, account statements, or communications related to your accounts with Simon Joseph.
- Consider seeking a free second opinion on your investment portfolio and any losses you may have experienced.
- Contact experienced investment fraud lawyers who specialize in representing investors in cases against financial advisors and broker-dealers.
How Haselkorn & Thibaut Can Help
Haselkorn & Thibaut is a national law firm with over 50 years of combined experience and an outstanding 98% success rate in representing investors nationwide. With millions recovered for clients, our attorneys offer personalized, confidential case assessments with no out-of-pocket cost to you—you pay nothing unless we recover funds for you.
If you worked with Simon Joseph or LPL Financial and sustained unexpected losses or have specific concerns about how your account was managed, let our experience work for you. Our team helps investors recover losses due to unsuitable recommendations, unauthorized trading, and regulatory violations. Don’t wait to protect your financial future.
Call Haselkorn & Thibaut at 1-888-885-7162 or visit investmentfraudlawyers.com to schedule your complimentary, confidential review today.
Taking action now helps ensure your rights are protected and may increase the chances of recovering your losses.
