Jeffrey Allen Russell of Newport Beach California a stockbroker formerly registered with Morgan Stanley has been discharged as stockbroker on May 26, 2021. Financial Industry Regulatory Authority (FINRA) Public Disclosure shows that Russell allegedly made unauthorized transactions in customer accounts. Morgan Stanley alleges that he did not have pre-trade customer authorization for transactions involving money market funds. The securities broker dealer also alleged that Russell withheld mention of a customer who complained.

FINRA Public Disclosure also shows that a customer complained about Russell’s sales practices at Merrill Lynch Pierce Fenner Smith Inc. Russell is referenced in a customer initiated investment related written complaint in which the customer requested $75,000.00 in damages founded upon allegations that fees on securities transactions had not been disclosed by Russell to the Merrill Lynch customer. According to the complaint, the customer was placed into unsuitable investments.

Russell was registered with Morgan Stanley between May 19, 2010 and May 26, 2021.

Tags: ,

Comments are closed.