Matthew Singer of Aventura Florida is a stockbroker formerly registered with Morgan Stanley who has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he failed to testify in a FINRA investigation into allegations of his unsuitable investment recommendations to customers. Letter of Acceptance Waiver and Consent No. 2016049937901 (Mar. 27, 2018).
According to the AWC, Singer was terminated by Morgan Stanley on March 14, 2016 based upon the firm’s concerns about Singer having been subject of a customer dispute. FINRA began investigating Singer’s activities in 2016 to determine whether he made unsuitable recommendations to Morgan Stanley customers regarding options investments.
The AWC stated that on March 12, 2018, FINRA personnel requested that Singer provide recorded testimony in furtherance of FINRA’s investigation into his alleged misconduct. The AWC revealed that on March 21, 2018, Singer’s counsel informed FINRA that Singer understood that FINRA asked him to testify but that he would not be making any appearance before FINRA personnel to testify at any point. FINRA found that Singer violated FINRA Rules 2010 and 8210 by failing to cooperate with FINRA’s requests.
FINRA Public Disclosure confirms that Singer has been identified in three customer initiated investment related disputes that pertain to accusations of his misconduct while employed with Morgan Stanley. Particularly, a customer initiated investment related arbitration claim concerning Singer’s conduct was settled for $365,000.00 in damages supported by accusations that Singer made unsuitable options investment recommendations to the customer. FINRA Arbitration No. 15-02767 (Oct. 22, 2015).
On February 29, 2016, a customer filed an investment related written complaint involving Singer’s conduct, in which the customer requested $381,929.00 in damages based upon allegations that Singer made inappropriate investment recommendations to the customer concerning an options trading strategy. Thereafter, a customer initiated investment related arbitration claim regarding Singer’s activities was resolved for $60,000.00 in damages founded on accusations of misrepresentation and unauthorized trading of options in the customer’s account between May of 2015 and January of 2016. FINRA Arbitration No. 16-01063 (June 27, 2017).
The information contained herein has been obtained from reliable sources however may not be accurate and is not guaranteed by us. Readers are encouraged to undertake their own independent investigation and evaluation of the relevant facts. All claims and allegations are subject to adjudication, decisions may be subject to appeal, and no inference is intended, nor should any inference be made from any information contained herein from any source.
This posting and the information on our website is for general information purposes only. This content should be not considered legal advice, and any responses, comments, e-mails, other communications do not form any attorney client relationship. Attorney Advertisement. See Important Disclaimer
Guiliano Law Group
Our practice is limited to the representation of investors. We accept representation on a contingent fee basis, meaning there is no cost to you unless we make a recovery for you. There is never any charge for a consultation or an evaluation of your claim. For more information, contact us at (877) SEC-ATTY.
For more information concerning common claims against stockbrokers and investment professionals, please visit us at securitiesarbitrations.com
To learn more about FINRA Securities Arbitration, and the legal process, please visit us at securitiesarbitrations.com
