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The Other Side of Medicine’s Azmi Sharif: Complaint Settles for $500K
An investor complaint against Elhurst, Illinois financial advisor Azmi Sharif (CRD# 2343413) recently settled for $500,000. Financial Industry Regulatory Authority records show that he is a broker and an investment advisor with LPL Financial, doing business as The Other Side of Medicine.
Mr. Sharif’s BrokerCheck report discloses one investor complaint against him. Filed in July 2022, the complaint alleged that as an LPL Financial representative, he misrepresented and recommended an unsuitable private placement investment. In August 2022 the complaint reached a settlement of $500,000.
In a statement included in the complaint’s disclosure, Mr. Sharif defended himself against the allegations. “The settlement was made without any admission of liability whatsoever and to avoid the prospect of arbitration,” he wrote. “Neither I nor my affiliated broker dealer contributed financially to the settlement.”
According to the Financial Industry Regulatory Authority, Azmi Sharif holds 26 years of securities industry experience. Based in Elhurst, Illinois, he has been a broker and an investment advisor with LPL Financial since 2018, doing business as The Other Side of Medicine. His past registrations include Woodbury Financial Services (Elmhurst, Illinois; 2007-2018), AXA Advisors (Hinsdale, Illinois; 2005-2007), and Mony Securities Corporation (New York, New York; 1995-2005). His credentials include the passage of four securities industry qualifying exams: the Investment Company Products/Variable Contracts Representative Examination, or Series 6; the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Investment Adviser Law Examination, or Series 65. He is licensed in Arizona, California, Colorado, Florida, Illinois, Iowa, Louisiana, North Carolina, Pennsylvania, South Carolina, and Texas. (Information current as of September 6, 2022.)
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