David Grant Conrad Morgan (also known as Joseph Edward Schepise), of South Norwalk, Connecticut, a stockbroker registered with National Securities Corporation, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $30,000.00 in damages based upon allegations that Morgan made unsuitable recommendations of over-the-counter equities when Morgan was associated with National Securities Corporation. FINRA Arbitration No. 20-02137 (May 26, 2021).
This is not the first time that Morgan has been referenced in a customer initiated investment related dispute concerning Morgan’s conduct in the securities industry. Financial Industry Regulatory Authority (FINRA) Public Disclosure shows that Morgan was also referenced in a customer initiated investment related complaint filed on November 14, 2011, in which the customer requested $23,932.10 in damages based upon allegations that Morgan engaged in unsuitable trading in corporate bonds, mutual funds, stocks, and over-the-counter equities during the time that Morgan was associated with National Securities Corporation. The securities broker dealer closed this complaint.
On August 22, 2018, another customer filed an investment related complaint involving Morgan’s conduct in which the customer requested damages based upon allegations that Morgan made unsuitable recommendations of private placements. The customer withdrew this complaint.
Morgan was associated with National Securities Corporation as a stockbroker from April 3, 2009, to February 4, 2022, and associated with National Asset Management Inc. as an investment advisory representative from May 31, 2017, to October 2, 2017. He has been associated with Ceros Financial Services Inc. since January 11, 2022.
