Mortimer Joel Altshuler Jr., of Boca Raton, Florida, a stockbroker formerly registered with Morgan Stanley Smith Barney, is the subject of a customer initiated investment related arbitration claim on April 3, 2017, in which the customer requested $18,000.00 in damages based upon allegations that Altshuler effected corporate debt transactions that were not appropriate for the customer.
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Altshuler has been identified in six additional customer initiated investment related disputes containing allegations of his wrongdoing while employed with Citigroup Global Markets, Inc., Werbal-Roth Securities, Inc., and Salomon Smith Barney. Particularly, on August 16, 2001, a customer initiated investment related arbitration claim involving Altshuler’s conduct was settled for $40,000.00 in damages based upon allegations that he breached his contractual and fiduciary obligations to the customer, violated The State of Florida Securities and Investor Protection Act, churned the customer’s investment portfolio, and made misrepresentations to the customer concerning stocks.
Subsequently, on June 21, 2000, a customer initiated investment related written complaint regarding Altshuler’s activities was resolved for $1,500.00 in damages based upon allegations that Altshuler traded stock in the customer’s account in an excessive and unauthorized manner, and did not abide by the customer’s investment instructions. On August 18, 2008, another customer filed an investment related written complaint involving Altshuler’s conduct, based upon allegations that he effected the purchase of a variable annuity transaction that the customer never consented to.
Moreover, on March 7, 2012, a customer filed an investment related written complaint regarding Altshuler’s activities, wherein the customer sought $1,000,000.00 in damages based upon allegations that he effected inappropriate transactions in the customer’s account involving the use of mutual funds, equities, and variable annuities. Another customer initiated investment related written complaint regarding Altshuler’s activities was resolved on May 13, 2014, based upon allegations against Altshuler of excessively trading mutual funds in the customer’s investment portfolio.
Altshuler’s registration with Morgan Stanley was terminated on July 21, 2014.
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