Corey Jon Engelhard of Plantation, Florida, a stockbroker registered with Morgan Stanley, was the subject of a customer initiated investment related complaint filed on October 10, 2022, in which the customer requested compensation based upon allegations that Engelhard made unsuitable recommendations of unit investment trusts (“UITs”) during the time that Engelhard was associated with Morgan Stanley. Morgan Stanley denied the customer complaint.
This is not the first time that Engelhard has been referenced in a customer initiated investment related dispute concerning Engelhard’s conduct in the securities industry. FINRA Public Disclosure shows that Engelhard was also referenced in a customer initiated investment related complaint that was settled on August 15, 2008, for $575,000.00 in damages based upon allegations that Engelhard recommended investments that became illiquid, preventing the customer from redeeming their assets.
On August 15, 2008, a customer initiated investment related complaint involving Engelhard’s conduct was settled for $75,000.00 in damages based upon allegations that Engelhard made omissions of material fact concerning ARS risk during the time that Engelhard was associated with Wachovia Securities LLC. The customer was led to believe that ARS were safe like money market funds.
Engelhard has been associated with Morgan Stanley as a stockbroker and investment advisor representative since November 21, 2014.
