Haselkorn & Thibaut has initiated an investigation into Mood ElAwadi, a financial advisor based in Orlando, Florida, currently registered with Wells Fargo Advisors and Wells Fargo Clearing Services. This report is designed to provide investors with an in-depth overview of Mood ElAwadi’s regulatory history, the nature of recent investor complaints, and guidance if you are concerned about your investments or suspect unsuitable investment recommendations.
Who Is Mood ElAwadi? An Overview of the Advisor’s Professional Background in Orlando, Florida
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Mood ElAwadi (CRD# 5319152) is an experienced financial advisor and broker based in Orlando, Florida. He is currently registered with Wells Fargo Clearing Services (d/b/a Wells Fargo Advisors), where he serves as both a broker and investment advisor. With 18 years in the securities industry, Mr. ElAwadi has previously held positions at established firms including Merrill Lynch, Morgan Stanley, and Morgan Keegan & Company.
Mr. ElAwadi’s professional qualifications are notable. He has passed several key industry exams, including:
- Securities Industry Essentials Examination (SIE)
- General Securities Representative Examination (Series 7)
- Investment Company Products/Variable Contracts Representative Examination (Series 6)
- General Securities Sales Supervisor – General Module (Series 10)
- General Securities Sales Supervisor – Options Module (Series 9)
- Uniform Combined State Law Examination (Series 66)
He is licensed to serve clients across multiple states, including Alabama, California, Florida, Georgia, Idaho, Illinois, New Jersey, New York, South Carolina, Tennessee, Texas, and Wisconsin.
Regulatory and Legal History: What Does BrokerCheck Reveal?
For investors researching a financial advisor, regulatory and disciplinary history is a critical area to review. Based on the latest data available from FINRA’s BrokerCheck and public records through May 2024, Mood ElAwadi maintained a clean regulatory record—with no reported customer-initiated arbitrations, regulatory actions, civil litigation, or disciplinary enforcement events.
This means, up until May 2024, there were:
- No customer disputes or arbitrations filed
- No regulatory sanctions
- No federal or state civil lawsuits
- No SEC or state-ordered disciplinary actions
- No bankruptcy, lien, or judgment disclosures
Such a history speaks to Mr. ElAwadi’s ability to maintain compliance with the industry’s regulations for a significant period.
Recent Investor Complaint: $1.5 Million Allegation Against Mood ElAwadi at Wells Fargo Advisors
In November 2025, a significant investor complaint was filed against Mood ElAwadi. This pending claim, which is public as of December 2025, alleges that he, as a representative of Wells Fargo, falsely induced a client into investing in a business he owned. The investor is seeking $1.5 million in damages.
| Date Filed | Allegation | Status | Damages Sought |
|---|---|---|---|
| November 2025 | Alleged misrepresentation & induced investment in advisor-owned business | Pending | $1,500,000 |
Key Points Investors Should Know:
- FINRA Regulations (Rule 2020): Advisors must not use deceptive or manipulative conduct to induce investments.
- FINRA Suitability Rule (Rule 2111): Brokers are required to ensure that recommendations are suitable based on a client’s profile.
- Any breach that results in losses may make the broker—and potentially their firm—liable for client damages.
Are There Any Additional Complaints or Red Flags?
At the time of this report, the only disclosed complaint against Mr. ElAwadi is the one pending $1.5 million claim mentioned above. There are no prior FINRA arbitration filings, customer disputes, regulatory findings, or civil litigation records involving Mr. ElAwadi, based on extensive searches of available federal, state, and self-regulatory databases through May 2024.
This means the November 2025 complaint is the first major red flag for current and prospective investors.
Why Investors Should Pay Attention
- The pending $1.5 million complaint is a substantial allegation. Even though a complaint does not mean fault, it is a serious indicator to review your accounts and the investments recommended to you.
- Misrepresentations, conflicts of interest, or unsuitable recommendations can cause significant financial harm—and advisors have a duty under FINRA regulations to act in your best interest at all times.
- If you were advised to invest in businesses or products with which the advisor had a personal or ownership stake, this could present a potential conflict of interest requiring further review.
What Can You Do as an Investor? Free Consultation with Haselkorn & Thibaut
Haselkorn & Thibaut is a national securities fraud law firm with over 50 years of combined experience, a 98% success rate, and millions recovered on behalf of clients. Our firm’s investigation into Mood ElAwadi and Wells Fargo Advisors is ongoing.
- If you have concerns about investments made through Mood ElAwadi or Wells Fargo Advisors, or if you believe you may have suffered losses tied to unsuitable recommendations, you may have options to recover your losses.
- No Recovery, No Fee: We represent investors nationwide and offer a completely confidential, no-cost evaluation of your case.
- Get experienced guidance from our investment fraud lawyers and have your situation thoroughly reviewed.
Don’t wait. Call Haselkorn & Thibaut at 1 888-885-7162 today for a free and confidential consultation about your investments.
If you suspect you may have been affected, or simply want peace of mind regarding your accounts with Mood ElAwadi at Wells Fargo Advisors, take the next step and get clarity from trusted securities attorneys.
