Jonathan William Lonske of Boston Massachusetts a stockbroker formerly registered with Morgan Stanley has been issued a Consent Order by Massachusetts Securities Division which requires Lonske to be placed on heightened supervision based on allegations that he was the subject of customer initiated investment related complaints and was terminated from a securities broker dealer for misconduct. Case No. R-2021-0005 (Feb. 23, 2021).

Lonske has been identified in four customer initiated investment related disputes containing accusations of his improper activities while registered with UBS PaineWebber and Morgan Stanley. FINRA Public Disclosure reveals that Lonske is referenced in a customer initiated investment related written complaint which was settled to resolve allegations of misrepresentations by the stockbroker with respect to the customer’s investments including mutual fund holdings. The complaint also alleges that Lonske effected unsuitable trades in the customer’s retirement account during the period that he was associated with UBS.

An additional customer initiated investment related complaint concerning Lonske’s conduct was settled for $50,000.00 in damages based upon accusations of the stockbroker misrepresenting information regarding a mutual fund purchased for the customer’s account at Morgan Stanley Smith Barney. Lonske is also the subject of a customer initiated investment related written complaint which was settled for $36,158.86 on March 1, 2016 founded on allegations of structured notes misrepresentations by the stockbroker during the time that he was associated with Morgan Stanley.

Lonske is referenced in another customer initiated investment related FINRA securities arbitration claim which was settled for $125,000.00 in damages on June 25, 2020 supported by accusations that between 2008 and 2017, Lonske engaged in the unsuitable trading of the customer’s In-House Money Manager account. FINRA Arbitration No. 18-00009.

Lonske was discharged by Morgan Stanley Wealth Management on November 9, 2020 based upon allegations of his unauthorized activities including his use of nonapproved business systems and his communication of false information to the securities broker dealer when completing questionnaires.

On December 2, 2020, Lonske became associated with Kestra Investment Services LLC as a stockbroker. Since January 6, 2021, he has been associated with Kestra Advisory Services LLC as an investment adviser representative.

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