Jeffrey Joseph McDonald of Palm Harbor Florida is a stockbroker currently registered with Morgan Stanley who is the subject of a customer initiated investment related arbitration claim where the customer requested two hundred fifty thousand dollars in damages supported by allegations that unsuitable investment recommendations had been made to the customer relating to buying and holding an over-the-counter equity position in the customer’s trust account between December of 2014 and March of 2016. Financial Industry Regulatory Authority (FINRA) Arbitration No. 17-01284 (May 17 2017).
FINRA Public Disclosure confirms that McDonald has been referenced in seven additional customer initiated investment related disputes concerning accusations of McDonald’s misconduct during the period that he was employed with Morgan Stanley and Salomon Smith Barney. In particular, on February 8, 2001, a customer filed an investment related written complaint involving McDonald’s conduct, alleging that the customer’s investment portfolio had been over-concentrated in speculative over-the-counter equities and mutual funds.
Then, on May 16, 2001, a customer filed an investment related written complaint regarding McDonald’s activities, in which the customer sought $27,000.00 in damages founded on allegations of suitability by placing the customer’s savings in an inflated and overvalued equity sector. On September 18, 2001, another customer filed an investment related written complaint involving McDonald’s conduct, alleging that over-the-counter equities purchases were neither suitable for the customer nor authorized.
Moreover, on June 30, 2010, a customer filed an investment related written complaint pertaining to McDonald’s conduct, where the customer alleged that unsuitable corporate bond transactions were executed in the customer’s account. McDonald is also the subject of a customer initiated investment related written complaint on November 25, 2011, in which the customer requested $250,000.00 in damages supported by accusations that the customer’s equity portfolio had been excessively traded.
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