Ian M. Deliz Morales of Tampa Florida a stockbroker formerly registered with Morgan Stanley is referenced in a customer initiated investment related arbitration claim where the customer sought $750,000.00 in damages based upon accusations that municipal bonds sold by Morales were in no way suitable for the customer of Morgan Stanley. Financial Industry Regulatory Authority (FINRA) Arbitration No. 19-02923 (Oct. 2, 2019).
Morales has been identified in twenty-six additional customer initiated investment related disputes containing allegations of his misconduct while employed with securities broker dealers including Popular Securities and Morgan Stanley. FINRA Public Disclosure reveals that Morales is the subject of a customer initiated investment related arbitration claim in which the customer was awarded $173,537.00 in damages based upon Popular Securities being found liable for the customer’s losses. According to the Statement of Claim, the customer was unsuitably advised to purchase Commonwealth of Puerto Rico closed end funds that held Puerto Rico Sales Tax Financing Corporation bonds and Government Development Bank bonds. According to the claim, fiduciary and contractual duties that were owed to the customer had been violated. Trades made by the stockbroker were not authorized and had ran afoul of securities laws and FINRA rules.
Morales is referenced in a customer initiated investment related arbitration claim which was resolved for $20,000.00 in damages founded on accusations of unsuitable transactions effected by Morales when he was employed by Morgan Stanley. FINRA Arbitration No. 17-01740 (Mar. 25, 2019). On July 30, 2019, another customer filed an investment related complaint involving Morales’ conduct in which the customer requested $290,853.14 in damages based upon allegations of bad Puerto Rico securities including government debt securities and closed end funds for the customer’s account as those investments conflicted with the customer’s tolerance for risk. FINRA Arbitration No. 19-02114 (July 30, 2019).
On August 27, 2019, another customer filed an investment related arbitration claim pertaining to Morales’ conduct in which the customer requested $525,000.00 in damages supported by allegations that investment recommendations failed to be suitable for the customer because the Puerto Rico securities contained risks beyond that which the customer was comfortable taking. FINRA Arbitration No. 19-02347. Morales is also the subject of a customer initiated investment related arbitration claim in which the customer requested $200,000.00 in damages based upon allegations of unsuitable recommendations by Morales with regard to the customer’s purchase and retention of Puerto Rico securities during the period that the Puerto Rico financial markets experienced substantial volatility. Financial Industry Regulatory Authority (FINRA) Arbitration No. 19-02947 (Oct. 7, 2019).
Morales’ registration with Morgan Stanley has been terminated as of October 31, 2016.
