Christian Murray Evans of Dallas Texas a stockbroker formerly registered with Morgan Stanley has been fined $5,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Evans did not get permission from Morgan Stanley regarding an outside business activity. Letter of Acceptance Waiver and Consent No. 2019064102502 (July 16, 2021).
According to the AWC, from July of 2018 to August of 2019, Evans and two of his partners established a business so that it could help small businesses raise capital. A limited liability company had been created by Evans for this reason. He ran the company and handled marketing and business development tasks. The regulator pointed out that he reached out to potential business clients. The stockbroker took part in all of this work without telling Morgan Stanley.
Evans was issued compliance questionnaires by the securities broker dealer. He was supposed to identify his outside business activity when submitting his response but concealed it instead. FINRA found that he violated FINRA Rules 2010 and 3270.
This is not the first time that Evans has been sanctioned by FINRA. He was barred on April 30, 2020 based upon allegations that he neglected to provide FINRA with information. That bar was lifted on January 5, 2021.
Evans was associated with Morgan Stanley between January 16, 2018 and August 30, 2019. He was discharged by Morgan Stanley Wealth Management founded on accusations that he was involved with an outside activity involving financial services.
