Sarah Pais Allegedly Engaged in Fraudulent Business Practices

Sarah Pais (CRD #: 5182838), a broker affiliated with LPL Financial, is currently under investigation by the Securities and Exchange Commission (SEC). This disclosure is available on her BrokerCheck record, as of September 5, 2023. The investigation pertains to the following matters:

SEC Investigation: On June 5, 2023, the Securities and Exchange Commission (SEC) initiated an investigation into Sarah Pais. The SEC alleges that she may have been involved in aiding and abetting misrepresentations, engaging in fraudulent business practices, and failing to maintain proper books and records. Additionally, the SEC has raised concerns about a potential failure to adequately supervise certain activities.

Relevant FINRA Rules:

Background Information:

Sarah Pais holds various securities licenses, indicating her proficiency in the industry:

She is registered as a broker in 48 states, the Virgin Islands, and the District of Columbia. Additionally, she serves as a registered investment adviser in the state of Texas.

Throughout her career, Sarah Pais has been associated with several financial firms, including:

Please note that the ongoing SEC investigation has raised concerns regarding her professional conduct. Investors and stakeholders should stay updated on the outcome of this investigation for potential implications on her career and regulatory standing.