Nex Systems
Person

SHADI T. BARAKAT

Regulator action

United States. Named in 2 sanctions listings.

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Sanctions and listings2

  • Official designation

    Financial Industry Regulatory AuthorityUS FINRA Enforcement ActionsUnited States

    09/09/2024: FINANCIAL INDUSTRY REGULATORY AUTHORITY OFFICE OF HEARING OFFICERS Department of Enforcement, Complainant, v. Shadi Taysir Barakat CRD No. 5031281, Respondent. Disciplinary Proceeding No. 2018056490315 COMPLAINT The Department of Enforcement alleges: SUMMARY 1. In June and July 2024, Respondent Shadi Taysir Barakat (“Barakat” or “Respondent”), failed to provide on-the-record (“OTR”) testimony requested pursuant to FINRA Rule 8210 as a part of FINRA’s investigation into whether Barakat engaged in churning and excessive trading in his customers’ accounts. As a result, Barakat violated FINRA Rules 8210 and 2010.

    Reference 2018056490315data-portal.finra.orgfinra.org

  • Official designation

    Financial Industry Regulatory AuthorityUS FINRA Enforcement ActionsUnited States

    04/13/2026: Respondent is barred from associating with any FINRA member firm in any capacity for failing to appear for on-the-record testimony requested in connection with a FINRA investigation, in violation of FINRA Rules 8210 and 2010.

    Reference 2018056490315data-portal.finra.orgfinra.org

Identifiers1

IdentifierNumber
ID number5031281

Other names1

Also known as1

Shadi Taysir Barakat

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