Claimant, as Executrix of her deceased mother's estate, alleges that respondent mismanaged her mother's account through unsuitable and excessive trading.

$300,000.00

$85,000.00

THE ARBITRATION DOCUMENTS ALLEGE BREACH OF FIDUCIARY DUTY, VIOLATION OF THE FEDERAL SECURITIES LAWS, CONTROL PERSON LIABILITY UNDER SECTION 20 OF THE SECURITIES & EXCHANGE ACT OF 1034; VIOLATION OF THE CALIFORNIA CORPORATION SECURITIES LAWS; VIOLATION OF THE FINRA RULES 1020, 2120, 2111 AND 3110; NEGLIGENCE AND NEGLIGENT SUPERVISION

$130,000.00

DURING THE TIME PERIOD OF 2009 TO 2015, FOUR CLIENTS WHO COLLECTIVELY FILED ARBITRATION NAMING THEIR REGISTERED REPRESENTATIVE AND OFFICERS OF THE FIRM, MADE ALLEGATIONS OF NEGLIGENCE, BREACH OF FIDUCIARY DUTY, EXCESSIVE TRADING, VIOLATION OF SECURITIES LAWS, BREACH OF CONTRACT, COMMON LAW FRAUD & CONSTRUCTIVE FRAUD, FAILURE TO SUPERVISE AND SECOND LIABILITY AND RESPONDENT SUPERIOR.

$750,000.00

$190,000.00

FINRA

Without admitting or denying the findings, Mirhashemi consented to the sanction and to the entry of findings that he placed trades in the accounts of customers for which he rarely obtained the requisite authorization from the customer prior to executing the trade. The findings stated that Mirhashemi also willfully violated Section 10(b) of the Securities Exchange Act of 1934 and SEC Rule 10b-5 promulgated thereunder, and FINRA Rule 2020 by churning the accounts of customers by engaging in excessive and unsuitable trading for the purpose of generating commissions. Mirhashemi consistently spread mutual fund purchases across multiple fund families, and in so doing, failed to obtain breakpoint discounts for customers. These short-term mutual fund trades were both excessive and unsuitable and cost the customers over $150,000 in overall commissions. Mirhashemi also unsuitably churned customers' accounts costing the customers over $665,000 in overall commissions by conducting short-term equity trades in the accounts. The findings also stated that Mirhashemi willfully filed untimely and materially false and misleading Forms U4 and willfully failed to file Forms U4 to disclose his liens, compromises with creditors and an outside business activity. The findings also included that Mirhashemi distributed inaccurate, unbalanced and materially misleading communications to customers.

Acceptance, Waiver & Consent(AWC)

Bar (Permanent)

All Capacities

Indefinite

2/25/2016

Mirhashemi understands that this settlement includes a finding that he willfully violated Section 10(b) and Rule 10b-5 of the Securities Exchange Act of 1934 and that under Article III, Section 4 of FINRA's By-Laws, this makes him subject to a statutory disqualification with respect to association with a member. Mirhashemi also understands that this settlement includes a finding that he willfully omitted to state material facts and willfully misrepresented material facts on Form U4, and that under Section 3(a)(39)(F) of the Securities Exchange Act of 1934 and Article III, Section 4 of FINRA's By-Laws, these omissions/misrepresentations make him subject to a statutory disqualification with respect to association with a member.

FINRA

Respondent Mirhashemi failed to comply with an arbitration award or settlement agreement or to satisfactorily respond to a FINRA request to provide information concerning the status of compliance.

Letter

Suspension

any capacity

N/A

2/4/2016

Pursuant to Article VI, Section 3 of FINRA By-Laws, and FINRA Rule 9554, Respondent Mirhashemi is suspended on February 4, 2016 for failure to comply with an arbitration award or settlement agreement or to satisfactorily respond to a FINRA request to provide information concerning the status of compliance.

FINRA

This regulatory DRP was filed in error.

ACCELERATED CAPITAL GROUP, INC.

Discharged

DECEMBER 29, 2015 THE FIRM RECEIVED A WELLS NOTICES FROM FINRA ENFORCEMENT REGARDING MR. MIRHASHEMI, FOR VIOLATIONS OF FINRA RULES BY EXECUTING TRADES WITHOUT PRIOR AUTHORIZATION FROM THE CUSTOMERS, RECOMMENDING UNSUITABLE MUTUAL FUND TRADES AND EXCESSIVELY TRADING MUTUAL FUNDS, MAKING UNSUITABLE AND UNAUTHORIZED "SWING" TRADES AND EXCESSIVELY TRADING EQUITES, VIOLATION OF FINRA RULES 2111 AND 2010; CHURNING THE ACCOUNTS OF CUSTOMERS, OF WHOM WHERE SENIOR CITIZENS AND/OR WIDOWED, BY ENGAGING IN EXCESSIVE, IN EXCESSIVE, UNSUITABLE AND UNAUTHORIZED TRADING IN ACCOUNT WITH THE INTENTION OF GENERATING COMMISSIONS WITHOUT REGARD TO THE BEST INTERESTS OF THE CUSTOMER IN WILLFUL VIOLATION OF SECTION 10(B) OF THE SECURITIES EXCHANGE ACT OF 1934 AND EXCHANGE ACT RULE 10B-5 THEREUNDER, AND FINRA RULES 2020, 2111, 2010; USING UNAPPROVED ELECTRONIC COMMUNICATION FOR BUSINESS-RELATED MATTERS IN VIOLATION OF FINRA RULE 2010; UNTIMELY, FAILING AND FILING FALSE AND MISLEADING FORM U4 REGARDING IRS AND CALIFORNIA FRANCHISE TAX BOARD TAX LIENS, COMPROMISES WITH CREDITORS AND OUTSIDE BUSINESS ACTIVITIES IN WILLFUL VIOLATION OF ARTICLE V, SECTION 2(C) OF FINRA BY-LAWS AND RULES 1122 AND 2010; ENGAGING IN OUTSIDE BUSINESS ACTIVITIES WITHOUT PRIOR NOTICE TO FIRM, VIOLATION OF FINRA RULES 3270 & 2010

UNAUTHORIZED TRADING

EXCESSIVE TRADING/QUANTITATIVE SUITABILITY, MISREPRESENTATION AND OMISSION OF MATERIAL FACT, ELDER FINANCIAL ABUSE, AND BREACH OF FIDUCIARY DUTY.

$160,000.00

$165,000.00

EXCESSIVE TRADING AND UNAUTHORIZED TRADING

EXCESSIVE TRADING AND UNAUTHORIZED TRADES

$68,000.00

$21,375.86

Tax

Taxable year 2013

$24,691.84

Tax

Taxable year 2012

$59,674.36

Tax

FOR 2010 & 2011 TAX YEARS

THE CLIENT ALLEGED POOR PERFORMANCE DUE TO THE ACTIVITIES OF THE SUBJECT ADVISOR BETWEEN JANUARY 2011 AND JULY 2012.

$135,495.27

AMERIPRISE FINANCIAL SERVICES, INC.

Discharged

ADVISOR TERMINATED FOR COMPANY POLICY VIOLATIONS RELATED TO SUITABILITY OF FIXED INCOME STRATEGIES, U4 UPDATES AND DISCRETION.

ADVIORS DENIES THAT HE MADE UNSUITABLE RECOMMENDATIONS. ADVISOR CONTACTED CLIENTS BEFORE EACH TRADE WAS PLACED. ADVISOR MADE ARRANGEMENTS TO MAKE PAYMENTS FOR A TAX LIEN AND WAS UNWARE THAT IT NEEDED TO BE DISCLOSED.

$60,140.00

Tax

I HAVE MADE ARRANGEMENTS TO MAKE MONTHLY PAYMENTS