Nagib Massoud: PFS Investments Advisor Lands $209K Complaint

A recent investor complaint against Riverside, California financial advisor Nagib Massoud (CRD# 6784059) alleges that his conduct resulted in six-figure damages. Financial Industry Regulatory Authority records show that he is registered as a broker with PFS Investments.

Mr. Massoud’s BrokerCheck report discloses one investor complaint. Filed in September 2026, it alleges that as a representative of PFS Investments, he borrowed money from a customer and breached the repayment agreement. The pending complaint alleges damages of $209,000.

Investors should be aware that FINRA Rule 3240 prohibits brokers like Mr. Massoud from participating in borrowing or lending arrangements with clients except under certain circumstances. Even when those circumstances are met, the rule provides that representatives must “notify the member in writing and obtain the member’s approval in writing of such arrangements” prior to entering into the arrangement. “The registered person shall also, prior to the modification of such arrangements, notify the member in writing and obtain the member’s approval in writing of any modifications to such arrangements, including any extension of the duration of such arrangements,” the rule adds.

According to the Financial Industry Regulatory Authority, Nagib Massoud holds nine years of securities industry experience. Based in Riverside, California, he has been registered as a broker with PFS Investments since 2017. His credentials include the passage of four securities industry qualifying exams: the Investment Company Products/Variable Contracts Principal Examination, or Series 26; the Securities Industry Essentials Examination, or SIE; the Investment Company Products/Variable Contracts Representative Examination, or Series 6; and the Uniform Securities Agent State Law Examination, or Series 63. He holds 20 state licenses. (Information current as of November 9, 2026.)

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