Jeffrey Neil Cadan of New York New York a stockbroker formerly registered with Morgan Stanley is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested compensatory damages based upon accusations that between July of 2014 and December of 2016, excessive trades had been effected in the customer’s Morgan Stanley Smith Barney account. Financial Industry Regulatory Authority (FINRA) Arbitration No. 20-02074 (July 2, 2020).
Cadan has been identified in 14 additional customer initiated investment related disputes regarding allegations of his misconduct during the time that he was employed by securities broker dealers including UBS Financial Services and Morgan Stanley. FINRA Public Disclosure reveals that a customer initiated investment related complaint involving Cadan’s conduct was resolved for $225,000.00 in damages supported by accusations of UBS Financial Services’ failure to supervise Cadan’s activities in the customer’s account. The claim alleges breach of contract, breach of fiduciary duty and securities fraud. Misrepresentations were allegedly made to the customer concerning principal protected notes.
Cadan is also referenced in a customer initiated investment related FINRA securities arbitration claim which was settled for $345,500.00 in damages founded on allegations that the customer was sold unsuitable investments through UBS Financial Services because of Cadan. According to the claim, there were omissions and misrepresentations about those investments. The stockbroker allegedly breached a fiduciary duty and had defrauded the customer as it related to the customer’s principal protected notes purchases.
Another customer initiated investment related FINRA securities arbitration claim concerning Cadan’s conduct was resolved for $170,000.00 in damages based upon accusations of bad advice being provided to the customer regarding structured notes. The claim alleges that structured notes had been misrepresented by the stockbroker while at UBS Financial Services.
On November 20, 2018, another customer initiated investment related FINRA securities arbitration claim regarding Cadan’s conduct was settled for $1,200,000.00 in damages supported by allegations of excessive trades causing the customer to experience damages on government and agency bonds. FINRA Arbitration No. 17-02736 (Nov. 20, 2018).
Cadan is also the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought compensatory damages founded on accusations of excessive trading in the customer’s Morgan Stanley account by Cadan between July of 2014 and December of 2016. FINRA Arbitration No. 20-01700 (June 3, 2020). An additional customer filed an investment related FINRA securities arbitration claim involving Cadan’s activities in which they sought compensatory damages based upon allegations of Cadan having excessively traded securities in their account while he was registered with Morgan Stanley. FINRA Arbitration No. 20-02037 (July 2, 2020).
Cadan was registered with Morgan Stanley between May 2, 2011 and January 20, 2017.