Borislav Valentinov Kolev (also known as Bobby Kolev) of Aventura Florida a stockbroker formerly registered with Morgan Stanley is referenced in a customer initiated investment related written complaint on July 9, 2020 where the customer requested unspecified damages founded on accusations that the stockbroker effected a stock purchase in the customer’s account without the Morgan Stanley customer’s knowledge or consent. A case of “he said, she said,” the true test being when did the customer learn of these transactions or are they any records of contact with the broker, or did he effect the same transaction in most of his customer accounts at the same time. Could be a frivolous claim.
FINRA Public Disclosure additionally reveals that a customer initiated investment related FINRA securities arbitration claim regarding Kolev’s conduct was settled for $500,000.00 in damages based upon allegations that the Lehman Brothers customer had been sold auction rate securities in violation of investment guidelines. Damages incurred through the purchase of auction rate securities, if any, were generally not caused nor attributable to wrongful conduct by the stockbroker.
FINRA Public Disclosure also confirms that Kolev has been discharged by prior employer Deutsche Bank Securities supported by accusations that he told a third party provider to use wrong bond purchase price information on an account statement and that he executed unauthorized trades in customer accounts.
Kolev has been registered with Morgan Stanley since October 23, 2012.