Travis Kent Dillard, of Tucson, Arizona, a stockbroker formerly registered with Morgan Stanley, has been named in two customer initiated investment related arbitration claims on October 28, 2017, in which the customers collectively requested $1,000,000.00 in damages based upon allegations that Dillard, between 2011 and 2015, effected over-the-counter equity transactions in their accounts despite the investments having been unsuitable for the customers.
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Dillard has been named in five additional customer initiated investment related disputes containing allegations of his wrongdoing while he was associated with Salomon Smith Barney and Morgan Stanley. Specifically, on December 15, 2004, a customer initiated investment related arbitration claim involving Dillard’s conduct was settled for $97,500.00 in damages based upon allegations of securities fraud, negligence, breach of the duty of fair dealing, failure to execute upon the customer’s instructions, unsuitable investment transactions, and breach of fiduciary duty in reference to equity transactions effected in the customer’s account.
Subsequently, on January 13, 2012, a customer initiated investment related arbitration claim regarding Dillard’s activities was resolved for $10,000.00 in damages based upon allegations that he effected unsuitable hedge fund transactions in the customer’s account. On March 20, 2011, another customer initiated investment related arbitration claim involving Dillard’s conduct was settled for $50,000.00 in damages based upon allegations that he mishandled the customer’s equity portfolio. Moreover, on April 5, 2017, a customer initiated investment related arbitration claim concerning Dillard’s activities was resolved for $30,000.00 in damages based upon allegations against Dillard of effecting unsuitable stock transactions in the customer’s portfolio between 2014 and 2016.
Dillard’s registration with Morgan Stanley was terminated on September 15, 2015. Since August 28, 2015, he has been registered with Wells Fargo Clearing Services, LLC, located in Tucson, Arizona.
Guiliano Law Group
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