John Jeffrey Clay of Washington District of Columbia a stockbroker formerly registered with Morgan Stanley Smith Barney is referenced in a customer initiated investment related written complaint on January 25, 2017 in which the customer sought unspecified damages based upon allegations that the customer was inappropriately sold a variable annuity investment in July of 2016.
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Clay has been identified in two additional customer initiated investment related disputes containing accusations of his misconduct. In particular, on February 23, 2005, a customer filed an investment related complaint concerning Clay’s conduct where the customer requested unspecified damages supported by allegations that while Clay was associated with Merrill Lynch Pierce Fenner Smith Inc., he effected unauthorized over-the-counter equities trades in the customer’s account.
Thereafter, a customer initiated investment related arbitration claim regarding Clay’s activities was settled for $7,500.00 in damages founded on accusations that while associated with Merrill Lynch, Clay misrepresented information regarding the municipal debt investments that were purchased in the customer’s investment portfolio, and failed to follow the customer’s investment instructions. FINRA Arbitration No. 09-00884 (December 17, 2009).
Clay has been employed by Morgan Stanley since June 1, 2009.
