Carlos Aurelio Alvarado of Houston Texas a stockbroker currently employed by Morgan Stanley is referenced in a customer initiated investment related written complaint on November 8, 2018 where the customer sought unspecified damages supported by accusations that between 2005 and 2018, Alvarado executed corporate debt transactions in the customer’s account that were not suitable for the customer.
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Alvarado is referenced in four more customer initiated investment related disputes pertaining to allegations of his violative conduct during the time that he was associated with Salomon Smith Barney, Morgan Stanley Smith Barney LLC, and Citigroup Global Markets Inc.
Specifically, a customer initiated investment related arbitration claim concerning Alvarado’s activities was resolved for $160,000.00 in damages founded on accusations that unsuitable corporate debt investments were placed in the customer’s account, and transactions were executed in the customer’s account in violation of Securities Exchange Act of 1934 Section 10(b) and Securities Exchange Commission (SEC) Rule 10b-5. National Association of Securities Dealers (NASD) Arbitration No. 04-07254 (Oct. 20, 2005).
On May 31, 2005, another customer filed an investment related complaint concerning Alvarado’s activities in which the customer requested unspecified damages based upon allegations that Alvarado made misrepresentations concerning the value and expiration date of foreign bonds purchased by the customer. Then, on September 7, 2007, another customer filed an investment related complaint regarding Alvarado’s conduct where the customer sought unspecified damages supported by accusations that transactions executed in the customer’s account were not suitable for the customer and misrepresentations were made concerning the customer’s debt investments.
Further, on May 25, 2010, a customer initiated investment related complaint concerning Alvarado’s conduct was settled for $9,507.43 in damages founded on allegations that the customers instructions had not been followed with respect to the liquidation of exchange traded funds from the customer’s investment portfolio.
Alvarado has been registered with Morgan Stanley since June 1, 2009.
