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Mahmoud Elawadi Discharged by Wells Fargo in Orlando Florida
Did you loan money to or invest with Mahmoud Elawadi, formerly at Wells Fargo? The securities fraud law firm of Israels & Neuman is looking into allegations involving Mahmoud Elawadi, aka Mood Elawadi, who formerly was a representative with Wells Fargo and worked in Orlando, Florida. His registration was terminated by Wells Fargo in December 2025.
Allegations Regarding Firing Mahmoud Elawadi
According to FINRA BrokerCheck, Wells Fargo fired Mood Elawadi regarding allegations that he “solicited and facilitated client investment in his outside business activity”. Generally, advisors must disclose all outside businesses that they operate, and they must have permission from their brokerage firm for every investment product that they sell.
Mood Elawadi has been the subject of a customer complaint, alleging $1.5 million in losses. The customer alleged that he “falsely induced their client to invest funds into a business owned by” Mr. Elawadi.
Background on Mahmoud Elawadi
Mahmoud Elawadi was licensed with Wells Fargo from February 2019 to December 2025 at an Orlando, Florida office. Elawadi was also previously licensed with a handful of other firms since 2007. He also ran two businesses called Mount Sinai Wealth Management and MMMH Trading.
Can Wells Fargo Be Responsible for Advisor Conduct?
FINRA Rule 3110 pertaining to supervision, requires securities brokerage firms like Wells Fargo to adequately supervise the activity of its advisors. Wells Fargo could be responsible for investor losses if it failed to reasonably supervise him.
Israels & Neuman Helps Investors in Florida
We represent investors throughout the United States including Florida, who have been victims of broker misconduct, unsuitable investment recommendations, and fraud. Attorney David Neuman is licensed to practice law in Florida. We have represented numerous investors in Florida in the past. If you were a client of Mahmoud Elawadi and believe he acted improperly, you may be entitled to recover losses through FINRA arbitration.