Loren Justin Morrison, of Southfield, Michigan, a stockbroker registered with Stifel Nicolaus Company Incorporated, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $1,843,116.64 in damages based upon allegations that Morrison was negligent, breached a contract, breached his fiduciary duties, and made unsuitable investment recommendations during the time that Morrison was associated with Stifel Nicolaus Company Incorporated. Financial Industry Regulatory Authority (FINRA) Arbitration No. 22-01875 (August 19, 2022).
FINRA Public Disclosure shows that Morrison has been referenced in three other customer initiated investment related disputes concerning Morrison’s conduct while associated with securities broker dealers.
On March 22, 2011, a FINRA securities arbitration claim involving Morrison’s conduct was settled for $25,000.00 in damages based upon allegations that Morrison engaged in excessive and unauthorized trading in equities during the period that Morrison was associated with UBS Financial Services Inc. FINRA Arbitration No. 10-01906.
Morrison is also referenced in a FINRA securities arbitration claim, which was settled for $2,000,000 in which the customer requested compensation based upon allegations that Morrison failed to follow instructions, made unsuitable recommendations, was negligent, engaged in excessive and unauthorized trading, breached his fiduciary duties, and breached a contract in connection with the sale of stocks during the time that Morrison was associated with Stifel Nicolaus Company Incorporated. FINRA Arbitration No. 22-01330 (June 14, 2022).
Morrison was associated with LPL Financial LLC in Southfield, MI, as a stockbroker from September of 2009 to June of 2021.
Morrison has been associated with Stifel Nicolaus Company Incorporated in Southfield, Michigan, as a stockbroker and investment advisor representative since May 17, 2021.
