Christopher M. Olson, of Red Bank, New Jersey, a stockbroker currently registered with RBC Capital Markets LLC, is identified in a customer initiated investment related written complaint on February 3, 2020, in which the customer requested $62,000.00 in damages based upon allegations of unsuitable trading by Olson while he was registered with RBC Capital Markets. According to the complaint, between February of 2018 and July of 2019, an unsuitable municipal bond purchase was executed by Olson. The complaint alleges that Olson failed to inform the customer about the changes in the bond price and bond rating.
This is not the first time that Olson’s sales practices have been the focus of a customer’s dispute against a securities broker dealer. FINRA Public Disclosure also shows that a customer initiated investment related complaint concerning Olson’s activities was settled for $14,999.00 in damages founded on accusations of Olson’s excessive trading in the customer’s account when he was employed by Morgan Stanley Smith Barney. The complaint alleges that the customer sustained damages on exchange-traded funds and common and preferred stock.
Olson’s stockbroker and investment adviser representative registrations with Morgan Stanley were terminated on July 13, 2018. Since then, Olson has been a stockbroker and investment adviser representative of RBC Capital Markets.
