BAHRAM MIRHASHEMI - israelsneuman.com€¦ · BAHRAM MIRHASHEMI CRD# 2937037 This broker is not...

BrokerCheck Report

BAHRAM MIRHASHEMI

Report #70197-52276, data current as of Friday, February 26, 2016.

Section Title

Report Summary

Broker Qualifications

Registration and Employment History

Disclosure Events

CRD# 2937037

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2 - 3

4 - 5

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Page(s)

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About BrokerCheck®

BrokerCheck offers information on all current, and many former, registered securities brokers, and all current and formerregistered securities firms. FINRA strongly encourages investors to use BrokerCheck to check the background ofsecurities brokers and brokerage firms before deciding to conduct, or continue to conduct, business with them.

·· What is included in a BrokerCheck report?BrokerCheck reports for individual brokers include information such as employment history, professionalqualifications, disciplinary actions, criminal convictions, civil judgments and arbitration awards. BrokerCheckreports for brokerage firms include information on a firm’s profile, history, and operations, as well as many of thesame disclosure events mentioned above.Please note that the information contained in a BrokerCheck report may include pending actions or allegationsthat may be contested, unresolved or unproven. In the end, these actions or allegations may be resolved in favorof the broker or brokerage firm, or concluded through a negotiated settlement with no admission or finding ofwrongdoing.

·· Where did this information come from?The information contained in BrokerCheck comes from FINRA’s Central Registration Depository, or CRD® and isa combination of:

o information FINRA and/or the Securities and Exchange Commission (SEC) require brokers andbrokerage firms to submit as part of the registration and licensing process, and

o information that regulators report regarding disciplinary actions or allegations against firms or brokers.

·· How current is this information?Generally, active brokerage firms and brokers are required to update their professional and disciplinaryinformation in CRD within 30 days. Under most circumstances, information reported by brokerage firms, brokersand regulators is available in BrokerCheck the next business day.

·· What if I want to check the background of an investment adviser firm or investment adviserrepresentative?To check the background of an investment adviser firm or representative, you can search for the firm or individualin BrokerCheck. If your search is successful, click on the link provided to view the available licensing andregistration information in the SEC's Investment Adviser Public Disclosure (IAPD) website athttp://www.adviserinfo.sec.gov. In the alternative, you may search the IAPD website directly or contact your statesecurities regulator at http://www.finra.org/Investors/ToolsCalculators/BrokerCheck/P455414.

·· Are there other resources I can use to check the background of investment professionals?FINRA recommends that you learn as much as possible about an investment professional before deciding to workwith them. Your state securities regulator can help you research brokers and investment adviser representativesdoing business in your state.

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BAHRAM MIRHASHEMI

CRD# 2937037

This broker is not currently registered.

Report Summary for this Broker

This report summary provides an overview of the broker's professional background and conduct. Additionalinformation can be found in the detailed report.

Disclosure Events

All individuals registered to sell securities or provideinvestment advice are required to disclose customercomplaints and arbitrations, regulatory actions,employment terminations, bankruptcy filings, andcriminal or civil judicial proceedings.

Are there events disclosed about this broker? Yes

The following types of disclosures have beenreported:

Type Count

Regulatory Event 3

Investigation 1

Customer Dispute 5

Termination 2

Financial 1

Judgment/Lien 4

Investment Adviser RepresentativeInformation

http://www.adviserinfo.sec.gov

The information below represents the individual'srecord as a broker. For details on this individual'srecord as an investment adviser representative,visit the SEC's Investment Adviser PublicDisclosure website at



This broker has passed:

0 Principal/Supervisory Exams

1 General Industry/Product Exam

2 State Securities Law Exams

Registration History

This broker was previously registered with thefollowing securities firm(s):

ACCELERATED CAPITAL GROUPCRD# 41270IRVINE, CA09/2012 - 01/2016

AMERIPRISE FINANCIAL SERVICES, INC.CRD# 6363ARTESIA, CA09/2010 - 09/2012

WELLS FARGO INVESTMENTS, LLCCRD# 10582PICO RIVERA, CA06/2005 - 09/2010

www.finra.org/brokercheck User Guidance

1©2016 FINRA. All rights reserved. Report# 70197-52276 about BAHRAM MIRHASHEMI. Data current as of Friday, February 26, 2016.


http://www.adviserinfo.sec.gov/IAPD/IAPDSummaryRouter.aspx?IndividualID=2937037&Source=Report

http://www.finra.org/brokercheck

http://www.finra.org/brokercheck_reports



Registrations

This section provides the self-regulatory organizations (SROs) and U.S. states/territories the broker is currentlyregistered and licensed with, the category of each license, and the date on which it became effective. This section alsoprovides, for every brokerage firm with which the broker is currently employed, the address of each branch where thebroker works.








Industry Exams this Broker has Passed

This individual has passed 0 principal/supervisory exams, 1 general industry/product exam, and 2 statesecurities law exams.

This section includes all securities industry exams that the broker has passed. Under limited circumstances, a brokermay attain a registration after receiving an exam waiver based on exams the broker has passed and/or qualifying workexperience. Any exam waivers that the broker has received are not included below.

Exam Category Date

Principal/Supervisory Exams

No information reported.

Exam Category Date

General Industry/Product Exams

General Securities Representative Examination 09/18/1997Series 7

Exam Category Date

State Securities Law Exams

Uniform Securities Agent State Law Examination 10/02/1997Series 63

Uniform Combined State Law Examination 09/02/2005Series 66

Additional information about the above exams or other exams FINRA administers to brokers and other securitiesprofessionals can be found at www.finra.org/brokerqualifications/registeredrep/.







Registration History

Registration Dates Firm Name CRD# Branch Location

The broker previously was registered with the following firms:

09/2012 - 01/2016 ACCELERATED CAPITAL GROUP 41270 IRVINE, CA

09/2010 - 09/2012 AMERIPRISE FINANCIAL SERVICES, INC. 6363 ARTESIA, CA

06/2005 - 09/2010 WELLS FARGO INVESTMENTS, LLC 10582 PICO RIVERA, CA

12/1998 - 06/2005 WM FINANCIAL SERVICES, INC. 599 IRVINE, CA

01/1998 - 08/1998 NATIONAL SECURITIES CORPORATION 7569 SEATTLE, WA

09/1997 - 01/1998 WALDRON & CO., INC. 868 IRVINE, CA

Employment History

Employment Dates Employer Name Employer Location

This section provides up to 10 years of an individual broker's employment history as reported by the individual broker onthe most recently filed Form U4.

Please note that the broker is required to provide this information only while registered with FINRA or a nationalsecurities exchange and the information is not updated via Form U4 after the broker ceases to be registered.Therefore, an employment end date of "Present" may not reflect the broker's current employment status.

09/2010 - Present AMERIPRISE FINANCIAL SERVICES INC LONG BEACH, CA

06/2005 - 09/2010 WELLS FARGO INVESTMENTS, LLC. LOS ANGELES, CA

Other Business Activities

This section includes information, if any, as provided by the broker regarding other business activities the broker iscurrently engaged in either as a proprietor, partner, officer, director, employee, trustee, agent or otherwise. This sectiondoes not include non-investment related activity that is exclusively charitable, civic, religious or fraternal and isrecognized as tax exempt.

1) HOLD CALIFORNIA INSURANCE LICENSE.

2) AMERICAN ASSET ADVISORY, LLC, IRVINE, CA; INVESTMENT ADVISORY; TITLE: INVESTMENT ADVISORYREPRESENTATIVE; START DATE: 10/2013.

3) CDL ASSET MANAGEMENT CORP., NOT INVESTMENT RELATED, POSITION: SECRETARY; START DATE:12/2013.

4)ACCELERATED CAPITAL GROUP, IRVINE, CA; A BROKER/DEALER FIRM; TITLE: REGISTEREDREPRESENTATIVE: START DATE:08/2012;

5)NEWPORT WINE COMPANY, IRVINE, CA; NOT SECURITIES RELATED; START DATE:10/2013; POSITION:SECRETARY AND MEMBER; TIME SPENT: 0 HOURS PER MONTH: THEY BUY "JUICE" GRAPES FROMVINEYARDS IN NAPA AND BOTTLE THE JUICE IN THEIR PROPRIETARY NAME. RED WINE "BLOCK 88" WHITE"BLANCA".







Other Business Activities, continued4)ACCELERATED CAPITAL GROUP, IRVINE, CA; A BROKER/DEALER FIRM; TITLE: REGISTEREDREPRESENTATIVE: START DATE:08/2012;

5)NEWPORT WINE COMPANY, IRVINE, CA; NOT SECURITIES RELATED; START DATE:10/2013; POSITION:SECRETARY AND MEMBER; TIME SPENT: 0 HOURS PER MONTH: THEY BUY "JUICE" GRAPES FROMVINEYARDS IN NAPA AND BOTTLE THE JUICE IN THEIR PROPRIETARY NAME. RED WINE "BLOCK 88" WHITE"BLANCA".






Disclosure Events

What you should know about reported disclosure events:

1. All individuals registered to sell securities or provide investment advice are required to disclose customercomplaints and arbitrations, regulatory actions, employment terminations, bankruptcy filings, and criminal or civiljudicial proceedings.

2. Certain thresholds must be met before an event is reported to CRD, for example: o A law enforcement agency must file formal charges before a broker is required to disclose a particular

criminal event. o A customer dispute must involve allegations that a broker engaged in activity that violates certain rules

or conduct governing the industry and that the activity resulted in damages of at least $5,000.

3. Disclosure events in BrokerCheck reports come from different sources: o As mentioned at the beginning of this report, information contained in BrokerCheck comes from brokers,

brokerage firms and regulators. When more than one of these sources reports information for the samedisclosure event, all versions of the event will appear in the BrokerCheck report. The different versionswill be separated by a solid line with the reporting source labeled.

4. There are different statuses and dispositions for disclosure events: o A disclosure event may have a status of pending, on appeal, or final.

§ A "pending" event involves allegations that have not been proven or formally adjudicated.§ An event that is "on appeal" involves allegations that have been adjudicated but are currently

being appealed.§ A "final" event has been concluded and its resolution is not subject to change.

o A final event generally has a disposition of adjudicated, settled or otherwise resolved.§ An "adjudicated" matter includes a disposition by (1) a court of law in a criminal or civil matter, or

(2) an administrative panel in an action brought by a regulator that is contested by the partycharged with some alleged wrongdoing.

§ A "settled" matter generally involves an agreement by the parties to resolve the matter. Pleasenote that brokers and brokerage firms may choose to settle customer disputes or regulatorymatters for business or other reasons.

§ A "resolved" matter usually involves no payment to the customer and no finding of wrongdoingon the part of the individual broker. Such matters generally involve customer disputes.

For your convenience, below is a matrix of the number and status of disclosure events involving this broker.Further information regarding these events can be found in the subsequent pages of this report. You also maywish to contact the broker to obtain further information regarding these events.

Final On AppealPending

Regulatory Event 1 2 0






Customer Dispute 4 1 N/A

Investigation 1 N/A N/A

Termination N/A 2 N/A

Financial 1 0 N/A

Judgment/Lien 4 N/A N/A






Disclosure Event Details

When evaluating this information, please keep in mind that a discloure event may be pending or involve allegationsthat are contested and have not been resolved or proven. The matter may, in the end, be withdrawn, dismissed,resolved in favor of the broker, or concluded through a negotiated settlement for certain business reasons (e.g., tomaintain customer relationships or to limit the litigation costs associated with disputing the allegations) with noadmission or finding of wrongdoing.

This report provides the information exactly as it was reported to CRD and therefore some of the specific data fieldscontained in the report may be blank if the information was not provided to CRD.

Regulatory - Final

This type of disclosure event may involves (1) a final, formal proceeding initiated by a regulatory authority (e.g., a statesecurities agency, self-regulatory organization, federal regulatory such as the Securities and Exchange Commission,foreign financial regulatory body) for a violation of investment-related rules or regulations; or (2) a revocation orsuspension of a broker's authority to act as an attorney, accountant, or federal contractor.

Disclosure 1 of 2

Reporting Source: Regulator

Regulatory Action InitiatedBy:

FINRA

Sanction(s) Sought: Other: N/A

Date Initiated: 02/25/2016

Docket/Case Number: 2012033566201

Employing firm when activityoccurred which led to theregulatory action:

Accelerated Capital Group

Product Type: Mutual FundOther: short-term equity trades

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





http://disciplinaryactions.finra.org/Search.aspx?CaseNB=2012033566201


for customers. These short-term mutual fund trades were both excessive andunsuitable and cost the customers over $150,000 in overall commissions.Mirhashemi also unsuitably churned customers' accounts costing the customersover $665,000 in overall commissions by conducting short-term equity trades inthe accounts. The findings also stated that Mirhashemi willfully filed untimely andmaterially false and misleading Forms U4 and willfully failed to file Forms U4 todisclose his liens, compromises with creditors and an outside business activity.The findings also included that Mirhashemi distributed inaccurate, unbalanced andmaterially misleading communications to customers.

Current Status: Final

Resolution: Acceptance, Waiver & Consent(AWC)

Resolution Date: 02/25/2016

Sanctions Ordered:

Does the order constitute afinal order based onviolations of any laws orregulations that prohibitfraudulent, manipulative, ordeceptive conduct?

Yes

Bar (Permanent)Other: Mirhashemi understands that this settlement includes a finding that hewillfully violated Section 10(b) and Rule 10b-5 of the Securities Exchange Act of1934 and that under Article III, Section 4 of FINRA's By-Laws, this makes himsubject to a statutory disqualification with respect to association with a member.Mirhashemi also understands that this settlement includes a finding that he willfullyomitted to state material facts and willfully misrepresented material facts on FormU4, and that under Section 3(a)(39)(F) of the Securities Exchange Act of 1934 andArticle III, Section 4 of FINRA's By-Laws, these omissions/misrepresentationsmake him subject to a statutory disqualification with respect to association with amember.

If the regulator is the SEC,CFTC, or an SRO, did theaction result in a finding of awillful violation or failure tosupervise?

Yes

Yes






(1) willfully violated anyprovision of the SecuritiesAct of 1933, the SecuritiesExchange Act of 1934, theInvestment Advisers Act of1940, the InvestmentCompany Act of 1940, theCommodity Exchange Act, orany rule or regulation underany of such Acts, or any ofthe rules of the MunicipalSecurities Rulemaking Board,or to have been unable tocomply with any provision ofsuch Act, rule or regulation?

Yes

(2) willfully aided, abetted,counseled, commanded,induced, or procured theviolation by any person ofany provision of theSecurities Act of 1933, theSecurities Exchange Act of1934, the InvestmentAdvisers Act of 1940, theInvestment Company Act of1940, the CommodityExchange Act, or any rule orregulation under any of suchActs, or any of the rules ofthe Municipal SecuritiesRulemaking Board? or

No

No






(3) failed reasonably tosupervise another personsubject to your supervision,with a view to preventing theviolation by such person ofany provision of theSecurities Act of 1933, theSecurities Exchange Act of1934, the InvestmentAdvisers Act of 1940, theInvestment Company Act of1940, the CommodityExchange Act, or any rule orregulation under any suchActs, or any of the rules ofthe Municipal SecuritiesRulemaking Board?

No

Capacities Affected: any capacity

Duration: N/A

Start Date: 02/25/2016

End Date:

Sanction 1 of 1

Sanction Type: Bar (Permanent)

Disclosure 2 of 2

i

Reporting Source: Regulator


FINRA

Sanction(s) Sought: Suspension


Docket/Case Number: 13-00962


N/A

Product Type: No Product







Allegations: Respondent Mirhashemi failed to comply with an arbitration award or settlementagreement or to satisfactorily respond to a FINRA request to provide informationconcerning the status of compliance.

Current Status: Final

Resolution: Letter


Sanctions Ordered:

Does the order constitute afinal order based onviolations of any laws orregulations that prohibitfraudulent, manipulative, ordeceptive conduct?

No

Suspension

If the regulator is the SEC,CFTC, or an SRO, did theaction result in a finding of awillful violation or failure tosupervise?

No

(1) willfully violated anyprovision of the SecuritiesAct of 1933, the SecuritiesExchange Act of 1934, theInvestment Advisers Act of1940, the InvestmentCompany Act of 1940, theCommodity Exchange Act, orany rule or regulation underany of such Acts, or any ofthe rules of the MunicipalSecurities Rulemaking Board,or to have been unable tocomply with any provision ofsuch Act, rule or regulation?







Regulator Statement 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 complywith an arbitration award or settlement agreement or to satisfactorily respond to aFINRA request to provide information concerning the status of compliance.


(3) failed reasonably tosupervise another personsubject to your supervision,with a view to preventing theviolation by such person ofany provision of theSecurities Act of 1933, theSecurities Exchange Act of1934, the InvestmentAdvisers Act of 1940, theInvestment Company Act of1940, the CommodityExchange Act, or any rule orregulation under any suchActs, or any of the rules ofthe Municipal SecuritiesRulemaking Board?

Capacities Affected: any capacity

Duration: N/A

Start Date: 02/04/2016

End Date:

Sanction 1 of 1

Sanction Type: Suspension






Regulator Statement 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 complywith an arbitration award or settlement agreement or to satisfactorily respond to aFINRA request to provide information concerning the status of compliance.






Regulatory - Pending

This type of disclosure event involves a pending formal proceeding initiated by a regulatory authority (e.g., a statesecurities agency, self-regulatory organization, federal regulatory agency such as the Securities and ExchangeCommission, foreign financial regulatory body) for alleged violations of investment-related rules or regulations.

Disclosure 1 of 1

Reporting Source: Firm


FINRA

Sanction(s) Sought:


Docket/Case Number: 20120335662


ACCELERATED CAPITAL GROUP, INC.

Product Type: Equity Listed (Common & Preferred Stock)Mutual Fund

Allegations: This regulatory DRP was filed in error.

Current Status: Pending

Firm Statement THIS REGULATORY DRP WAS FILED IN ERROR AND SHOULD BE REMOVED.THE FINRA INVESTIGATION IS ON GOING AND NO REGULATORY ACTIONHAS BEEN FILED.







Investigation

This type of disclosure event involves any ongoing formal investigation by an entity such as a grand jury state or federalagency, self-regulatory organization or foreign regulatory authority. Subpoenas, preliminary or routine regulatory inquiries,and general requests by a regulatory entity for information are not considered investigations and therefore are notincluded in a BrokerCheck report.

Disclosure 1 of 1


Initiated By: FINRA

Notice Date: 12/29/2015

Details: FOR VIOLATIONS OF FINRA RULES BY EXECUTING TRADES WITHOUTPRIOR AUTHORIZATION FROM THE CUSTOMERS, RECOMMENDINGUNSUITABLE MUTUAL FUND TRADES AND EXCESSIVELY TRADING MUTUALFUNDS, MAKING UNSUITABLE AND UNAUTHORIZED "SWING" TRADES ANDEXCESSIVELY TRADING EQUITIES, VIOLATION OF FINRA RULES 2111 AND2010; CHURNING THE ACCOUNTS OF CUSTOMERS, OF WHOM WHERESENIOR CITIZENS AND/OR WIDOWED, BY ENGAGING IN EXCESSIVE,UNSUITABLE AND UNAUTHORIZED TRADING IN ACCOUNT WITH THEINTENTION OF GENERATING COMMISSIONS WITHOUT REGARD TO THEBEST INTERESTS OF THE CUSTOMER IN WILLFUL VIOLATION OF SECTION10(B) OF THE SECURITIES EXCHANGE ACT OF 1934 AND EXCHANGE ACTRULE 10B-5 THEREUNDER, AND FINRA RULES 2020, 2111, 2010; CAUSINGTHE CREATION AND DISTRIBUTION OF INACCURATE, UNBALANCED ANDMATERIALLY MISLEADING COMMUNICATIONS TO CUSTOMERS INVIOLATION OF FINRA RULES 2210 AND 2010, USING UNAPPROVEDELECTRONIC COMMUNICATION FOR BUSINESS-RELATED MATTERS INVIOLATION OF FINRA RULE 2010; UNTIMELY, FAILING AND FILING FALSEAND MISLEADING FORM U4 REGARDING IRS AND CALIFORNIA FRANCHISETAX BOARD TAX LIENS, COMPROMISES WITH CREDITORS AND OUTSIDEBUSINESS ACTIVITIES IN WILLFUL VIOLATION OF ARTICLE V, SECTION 2(C)OF FINRA BY-LAWS AND RULES 1122 AND 2010; ENGAGING IN OUTSIDEBUSINESS ACTIVITIES WITHOUT PRIOR NOTICE TO FIRM, VIOLATION OFFINRA RULES 3270 & 2010


Is Investigation pending? Yes

How was InvestigationResolved?

FIRM ERRONEOUSLY FILED INVESTIGATION DRP AS NO LONGER PENDING(INVESTIGATION IS PENDING)






Customer Dispute - Settled

This type of disclosure event involves a consumer-initiated, investment-related complaint, arbitration proceeding or civilsuit containing allegations of sale practice violations against the broker that resulted in a monetary settlement to thecustomer.

Disclosure 1 of 1


Employing firm whenactivities occurred which ledto the complaint:

Allegations:

AMERIPRISE FINANCIAL SERVICES, INC.

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

Product Type: Debt-Corporate

Alleged Damages: $0.00

Date Complaint Received: 04/17/2013

Complaint Pending? No

Status:

Status Date: 08/09/2013

Settlement Amount: $135,495.27

Individual ContributionAmount:

$0.00

Customer Complaint Information

Settled

Is this an oral complaint? Yes

Is this a written complaint? No

Is this an arbitration/CFTCreparation or civil litigation?

No

iReporting Source: Broker


Allegations:

AMERIPRISE FINANCIAL SERVICES, INC.

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

Debt-Corporate17©2016 FINRA. All rights reserved. Report# 70197-52276 about BAHRAM MIRHASHEMI. Data current as of Friday, February 26, 2016.





Product Type: Debt-Corporate



Complaint Pending? No

Status:

Status Date: 08/09/2013

Settlement Amount: $135,495.27


$0.00


Settled




No






Customer Dispute - Pending

This type of disclosure event involves (1) a pending consumer-initiated, investment-related arbitration or civil suit thatcontains allegations of sales practice violations against the broker; or (2) a pending, consumer-initiated, investment-related written complaint containing allegations that the broker engaged in, sales practice violations resulting incompensatory damages of at least $5,000, forgery, theft, or misappropriation, or conversion of funds or securities.

Disclosure 1 of 4



Allegations:


UNAUTHORIZED TRADING




Complaint Pending? Yes

Settlement Amount:



Alleged Damages AmountExplanation (if amount notexact):

COMPENSATORY DAMAGE AMOUNT IS YET TO BE DETERMINED.




No

Disclosure 2 of 4

i



Allegations:







Allegations: EXCESSIVE TRADING AND UNAUTHORIZED TRADING





Settlement Amount:




COMPENSATORY DAMAGE AMOUNT IS YET TO BE DETERMINED.




No

Disclosure 3 of 4

i



Allegations:


EXCESSIVE TRADING AND UNAUTHORIZED TRADES


Alleged Damages: $68,000.00





No








Settlement Amount:


Disclosure 4 of 4

i



Allegations:

ACCELERATED CAPITAL GROUP INC.

EXCESSIVE TRADING/QUANTITATIVE SUITABILITY, MISREPRESENTATIONAND OMISSION OF MATERIAL FACT, ELDER FINANCIAL ABUSE, ANDBREACH OF FIDUCIARY DUTY.


Alleged Damages: $160,000.00

Date Notice/Process Served: 12/31/2015

Arbitration Pending? Yes

Arbitration Information

Arbitration/CFTC reparationclaim filed with (FINRA, AAA,CFTC, etc.):

FINRA

Docket/Case #: 15-03471



Allegations:


ALLEGED TRADING VIOLATIONS FROM THE TIME PERIOD OF 04/2014 TO12/2014.

Product Type: Equity Listed (Common & Preferred Stock)

$0.00









Settlement Amount:




THE EXACT DAMAGE AMOUNT IS UNDER INVESTIGATION BUT HAS BEENDETERMINED TO BE MORE $5,000.00.

Is this an oral complaint? No

Is this a written complaint? Yes


No






Employment Separation After Allegations

This type of disclosure event involves a situation where the broker voluntarily resigned, was discharged, or was permittedto resign after being accused of (1) violating investment-related statutes, regulations, rules or industry standards ofconduct; (2) fraud or the wrongful taking of property; or (3) failure to supervise in connection with investment-relatedstatutes, regulations, rules, or industry standards of conduct.

Disclosure 1 of 2


Employer Name: ACCELERATED CAPITAL GROUP, INC.

Termination Type: Discharged

Termination Date: 01/08/2016

Allegations: DECEMBER 29, 2015 THE FIRM RECEIVED A WELLS NOTICES FROM FINRAENFORCEMENT REGARDING MR. MIRHASHEMI, FOR VIOLATIONS OF FINRARULES BY EXECUTING TRADES WITHOUT PRIOR AUTHORIZATION FROMTHE CUSTOMERS, RECOMMENDING UNSUITABLE MUTUAL FUND TRADESAND EXCESSIVELY TRADING MUTUAL FUNDS, MAKING UNSUITABLE ANDUNAUTHORIZED "SWING" TRADES AND EXCESSIVELY TRADING EQUITES,VIOLATION OF FINRA RULES 2111 AND 2010; CHURNING THE ACCOUNTS OFCUSTOMERS, OF WHOM WHERE SENIOR CITIZENS AND/OR WIDOWED, BYENGAGING IN EXCESSIVE, IN EXCESSIVE, UNSUITABLE ANDUNAUTHORIZED TRADING IN ACCOUNT WITH THE INTENTION OFGENERATING COMMISSIONS WITHOUT REGARD TO THE BEST INTERESTSOF THE CUSTOMER IN WILLFUL VIOLATION OF SECTION 10(B) OF THESECURITIES EXCHANGE ACT OF 1934 AND EXCHANGE ACT RULE 10B-5THEREUNDER, AND FINRA RULES 2020, 2111, 2010; USING UNAPPROVEDELECTRONIC COMMUNICATION FOR BUSINESS-RELATED MATTERS INVIOLATION OF FINRA RULE 2010; UNTIMELY, FAILING AND FILING FALSEAND MISLEADING FORM U4 REGARDING IRS AND CALIFORNIA FRANCHISETAX BOARD TAX LIENS, COMPROMISES WITH CREDITORS AND OUTSIDEBUSINESS ACTIVITIES IN WILLFUL VIOLATION OF ARTICLE V, SECTION 2(C)OF FINRA BY-LAWS AND RULES 1122 AND 2010; ENGAGING IN OUTSIDEBUSINESS ACTIVITIES WITHOUT PRIOR NOTICE TO FIRM, VIOLATION OFFINRA RULES 3270 & 2010


Disclosure 2 of 2

i


Employer Name: AMERIPRISE FINANCIAL SERVICES, INC.

Discharged23©2016 FINRA. All rights reserved. Report# 70197-52276 about BAHRAM MIRHASHEMI. Data current as of Friday, February 26, 2016.







Allegations: ADVISOR TERMINATED FOR COMPANY POLICY VIOLATIONS RELATED TOSUITABILITY OF FIXED INCOME STRATEGIES, U4 UPDATES ANDDISCRETION.

Product Type: Debt-CorporateMutual Fund


Employer Name: AMERIPRISE FINANCIAL SERVICES



Allegations: ADVISOR TERMINATED FOR COMPANY POLICY VIOLAITONS RELATED TOSUITABLITY OF FIXED INCOME STRATEGIES, U4 UPDATES ANDDISCRETION.

Product Type: Debt-CorporateMutual Fund

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






Financial - Pending

This type of disclosure event involves a pending bankruptcy, compromise with one or more creditors, or SecuritiesInvestor Protection Corporation liquidation involving the broker or an organization/brokerage firm the broker controlledthat occurred within the last 10 years.

Disclosure 1 of 1

Reporting Source: Broker

Action Type: Compromise

Action Date: 07/01/2013

OrganizationInvestment-Related?

Action Pending? Yes

Name of Creditor: FIA CARD SERVICES, N.A.

Original Amount Owed: $40,715.59

Terms Reached with Creditor: TOTAL SETTLEMENT OFFER AMOUNT: $19,920.00, CREDITOR ACCEPTED ASETTLEMENT, 16 SCHEDULED PAYMENTS $1254.00.

If a compromise with creditor,provide:






Judgment/Lien

This type of disclosure event involves an unsatisfied and outstanding judgments or liens against the broker.

Disclosure 1 of 4


Judgment/Lien Amount: $21,375.86

Judgment/Lien Holder: Franchise Tax Board of the State of California

Judgment/Lien Type: Tax

Date Filed with Court: 12/24/2014

Judgment/Lien Outstanding? Yes

Broker Statement Taxable year 2013

Type of Court: County Recorder Office

Name of Court: Orange County Recorder's Office

Location of Court: Orange, CA

Docket/Case #: 2014000557230

Date Individual Learned: 10/01/2015

Disclosure 2 of 4

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Judgment/Lien Holder: Franchise Tax Board of the State of California




Broker Statement Taxable year 2012

Type of Court: County Recorder

Name of Court: Orange County Recorders Office

Location of Court: Orange, CA

Docket/Case #: 2014000492874







Disclosure 3 of 4

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Judgment/Lien Holder: STATE OF CALIFORNIA, FRANCHISE TAX BOARD




Broker Statement FOR 2010 & 2011 TAX YEARS

Type of Court: COUNTY RECORDER

Name of Court: ORANGE COUNTY RECORDER

Location of Court: ORANGE COUNTY, CALIFORNIA

Docket/Case #: 2013000646826


Disclosure 4 of 4

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Judgment/Lien Holder: IRS




Broker Statement I HAVE MADE ARRANGEMENTS TO MAKE MONTHLY PAYMENTS

Type of Court: RECORDERS OFFICE

Name of Court: ORANGE COUNTY RECORDER OF DEEDS

Location of Court: ORANGE COUNTY, CA

Docket/Case #: 2011000200669






End of Report

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