Avenir Financial Group

Regulator action

United States. Named in 2 sanctions listings.

Sanctions and listings2

Official designation
Financial Industry Regulatory AuthorityUS FINRA Enforcement ActionsUnited States
04/27/2015: FINANCIAL INDUSTRY REGULATORY AUTHORITY OFFICE OF HEARING OFFICERS Department of Enforcement, Complainant, v. Avenir Financial Group (CRD No. 148490), Michael Todd Clements (CRD No. 1702071), and Karim Ahmed Ibrahim a.k.a. Chris Allen (CRD No. 5983439), Respondents. DISCIPLINARY PROCEEDING No. 2015044960501 Hearing Officer: EXPEDITED COMPLAINT The Department of Enforcement alleges: SUMMARY 1. During the period October 2013 through the present (the"Relevant Period"), Avenir Financial Group
09/20/2016: FINANCIAL INDUSTRY REGULATORY AUTHORITY OFFICE OF HEARING OFFICERS DEPARTMENT OF ENFORCEMENT, Complainant, V. AVENIR FINANCIAL GROUP (CRD No. 148490), MICHAEL TODD CLEMENTS (CRD No. 1702071), and KARIM AHMED IBRAHIM, a/k/a CHRIS ALLEN (CRD No. 5983439), Respondents. Disciplinary Proceeding No. 2015044960501 Hearing Officer-DRS EXTENDED HEARING PANEL DECISION September 20, 2016 Avenir is censured, fined $229,000, ordered to offer rescission to defrauded customers, and suspended for two years from
04/22/2015: FINANCIAL INDUSTRY REGULATORY AUTHORITY OFFICE OF HEARING OFFICERS Department of Enforcement, Complainant, V. Avenir Financial Group (CRD No. 148490), Michael Todd Clements (CRD No. 1702071), Karim Ahmed Ibrahim a.k.a. Chris Allen (CRD No. 5983439), and Cesar Omar Rodriguez (CRD No. 4451732), Respondents. DISCIPLINARY PROCEEDING NO. 2015044960501 Hearing Officer: TEMPORARY CEASE AND DESIST CONSENT ORDER Based upon the parties' consent, the Hearing Panel issues this Temporary Cease and Desist Consent
05/06/2015: FINANCIAL INDUSTRY REGULATORY AUTHORITY OFFCE OF HEARING OFFCERS Department of Enforcement Complainant, V. Avenir Financial Group (CRD No. 148490), Michael Todd Clements (CRD No. 1702071), Karim Ahmed Ibrahim a.k.a. Chris Allen (CRD No. 5983439), and Cesar Omar Rodriguez (CRD No. 4451732), Respondents. DISCIPLINARY PROCEEDING No. 2015044960501 Hearing Officer: TEMPORARY CEASE AND DESIST CONSENT ORDER Based upon the parties' consent the Hearing Panel issues this Temporary Cease and Desist
Reference 2015044960501data-portal.finra.org data-portal.finra.org data-portal.finra.org finra.org data-portal.finra.org
Official designation
Financial Industry Regulatory AuthorityUS FINRA Enforcement ActionsUnited States
07/10/2015: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 2013035129702 TO: Department of Enforcement Financial Industry Regulatory Authority ("FINRA") RE: Avenir Financial Group (BD No. 148490) Respondent Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Respondent Avenir Financial Group ("Avenir" or the "Firm"), submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of proposing a settlement of the alleged rule violations described
Reference 2013035129702data-portal.finra.org finra.org

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