According to FINRA, Fanar Fawaz Almosleh (CRD #7521305), a broker based in Carmichael, California, was barred from the securities industry on August 19, 2024, for failure to provide information or keep information current pursuant to FINRA Rule 9552(h).

FINRA Rule 9552(h) authorizes FINRA to bar an individual from associating with any FINRA member firm when that person fails to provide requested information or keep their regulatory filings current. A bar under this rule is among the most severe sanctions FINRA can impose on an individual, effectively ending their career in the securities industry. This action was taken in connection with FINRA Case #2024081046501.

When FINRA requests information from a registered representative, the individual is obligated to respond fully and promptly. This obligation exists because FINRA's regulatory oversight depends on the cooperation of the individuals it regulates. When a broker fails to provide requested information, FINRA cannot effectively investigate potential misconduct or ensure that investors are being protected. The bar imposed under Rule 9552(h) reflects the seriousness with which FINRA treats non-compliance with its information requests.

For investors, a bar means that Almosleh is no longer permitted to work in the securities industry in any capacity associated with a FINRA member firm. Investors who had accounts managed by or transactions processed through Almosleh should review their account records and consider consulting with a qualified professional if they have concerns about their investments. Investors can verify the status of any financial professional using FINRA's free BrokerCheck tool, which provides detailed background information including regulatory actions, employment history, and customer complaints.