Ahmed Ghassan Gheith has worked in the securities industry for five years. During his career he has worked with six different securities firms. In 2010 he worked for both Aegis Capital Corp. and Spartan Capital Securities. From 2010 to 2011 he worked for Joseph Gunnar & Co. From 2012 to 2010 he worked for Cabot Lodge Securities. He returned to Aegis Capital Corp in 2013. He worked for Paulson Investment Company from 2014 to 2017. He currently is not a FINRA registered broker.
Ahmed Ghassan Gheith’s FINRA FINRA BrokerCheck report shows that he is the subject of a pending customer complaint brought forward in April of 2017. The former customer alleged that Gheith committed fraud, misrepresentation, negligence, and unjust enrichment. The customer is seeking $1,000,000 in damages.
Due to the charges laid against him in the pending complaint, as well as violations of FINRA Rule 3280, violation of the firm WSPs, and failure to provide honest answers on annual questionnaires resulted in Gheith being discharged from Paulson Investment Company.
In April 2018, Gheith was sanctioned by FINRA. The sanction’s findings state that Gheith received compensation for his participation in private securities transactions without providing notice or receiving approval from his member firm. FINRA’s findings state that Gheith was hired specifically to work with two of the company’s registered representatives. The two representatives in question told Gheith about a private offering related to a real estate development located in Belize. This development was meant to be a short-term ordeal with the sole purpose of raising money to develop an airport. The airport being the Private Offering. Gheith was under instructions to refer any customers he believed might be interested in making such an investment to the two representatives. Gheith was aware that that Private Offering was not an approved security being offered by his firm. Taking part in this would constitute “selling away” from the firm. Gheith was originally hesitant to refer customers to the two representatives for that reason.
According to the findings, after constant requests from the two representatives, Gheith contacted to of the firm’s customers, as well as two outside customers. His contact with these four customers included him describing in detail the Private Offering, as well as convincing the customers to speak with the two representatives about investing in the Offering. The customer’s investments totaled $3.5 million. For his role, Gheith was paid $93,165. Due to his actions in this matter, Gheith was fined $10,000 in penalties and forced to pay $31,055 in disgorgement—plus interest. His amount for disgorgement was determined by his limited ability to pay. Gheith was also suspended by FINRA from acting as a broker in any capacity for a period of twelve months.
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