FINRA Bars Ali F. Chehab for Failing to Provide Records in Unauthorized Trading and Selling Away Investigation

The Financial Industry Regulatory Authority (FINRA) has barred Ali F. Chehab (CRD #7625979) of Portland, Oregon, from associating with any FINRA member firm in any capacity after he failed to provide documents requested during a regulatory investigation.

On December 15, 2025, an Office of Hearing Officers (OHO) decision became final under FINRA Case #2024082633901.

Investigation into Misrepresentations, Unauthorized Trading, and Selling Away

According to FINRA’s findings, the investigation examined whether Chehab made material misrepresentations to customers, engaged in unauthorized trading, and participated in private securities transactions outside the supervision of his member firm.

Selling securities away from a brokerage firm—commonly known as “selling away”—occurs when brokers recommend or participate in investment opportunities that are not approved or supervised by their firm. These activities can expose investors to unregulated or high-risk investments.

Failure to Provide Requested Documents

As part of the investigation, FINRA requested that Chehab provide several categories of documents and information, including copies of electronic communications, details of any settlement agreement with the complaining customer, financial records, and information related to securities he recommended.

FINRA also requested records concerning any undisclosed outside business activities (OBAs) or private securities transactions.

According to the findings, Chehab failed to provide the requested documents and information. FINRA determined that his failure to comply with these requests prevented the regulator from carrying out its oversight responsibilities and fully evaluating potential misconduct.

As a result, Chehab was permanently barred from associating with any FINRA member firm in all capacities.

The Importance of Regulatory Cooperation

FINRA relies on the cooperation of registered representatives to investigate allegations of misconduct, including unauthorized trading, misleading statements to customers, and undisclosed investment activities.

When brokers refuse to provide requested records, it prevents regulators from determining whether investors were harmed and undermines the integrity of the securities industry. Such refusals often lead to the most severe regulatory sanction—a permanent industry bar.

Silver Miller Represents Victims of Broker Misconduct

If you believe a broker engaged in unauthorized trading, misrepresented an investment, or recommended investments outside their firm’s supervision, you may have the right to pursue recovery.

Silver Miller represents investors nationwide in claims involving selling away, unauthorized trading, unsuitable recommendations, and other forms of broker misconduct. Our attorneys pursue claims through FINRA arbitration and civil litigation to help investors recover losses.

Contact Silver Miller for a free, confidential consultation. We work on a contingency fee basis—meaning you pay nothing unless we recover for you.