John Kirkland Moy of West Palm Beach Florida is a stockbroker formerly registered with Merrill Lynch who is referenced in a customer initiated investment related arbitration claim which settled for $65,000.00 in damages based upon allegations that unsuitable investment recommendations had been made to the customer in 2015 concerning over-the-counter equities transactions. Financial Industry Regulatory Authority (FINRA) Arbitration No. 17-01156 (Nov. 15, 2017).
FINRA Public Disclosure confirms that Moy has been referenced in six customer initiated investment related disputes that pertain to accusations of his misconduct while employed with Prudential Securities Inc., Shearson Lehman Brothers Inc. and Wachovia Securities. Specifically, on January 24, 2002, a customer initiated investment related written complaint involving Moy’s conduct was settled for $23,491.61 in damages supported by allegations that an annuity contract purchase was effected without the customer’s consent, wherein the customer’s investment portfolio was inappropriately allocated in speculative securities.
On June 27, 2002, another customer filed an investment related written complaint that concerned Moy’s conduct, in which the customer requested more than $5,000.00 in damages founded on accusations that the customer’s assets were invested in variable annuity sub-accounts that were not suitable for the customer. Moy has also been subject of a customer initiated investment related written complaint on January 3, 2003, where the customer sought damages estimated to exceed $5,000.00 based upon allegations of misrepresentation and fraud relating to the customer’s annuity purchase.
Further, on October 5, 2005, a customer filed an investment related arbitration claim regarding Moy’s activities in which the customer sought $14,000.00 in damages supported by accusations that unsuitable securities had been purchased by the financial advisor, which consisted of a real estate investment trust, CNL Hospitality Properties, Inc., and hedge fund investments. Moreover, the customer alleged that the terms of the customer’s account management had been misrepresented as were the costs and performance of the customer’s trust assets. Then, on January 30, 2017, a customer initiated investment related complaint regarding Moy’s activities was resolved for $17,593.00 in damages founded on allegations that Moy made misstatements relating to the customer’s variable annuity, wherein the customer was led to believe that a seven percent payout was guaranteed.
Moy’s employment with Merrill Lynch, Pierce, Fenner & Smith Incorporated was terminated as of August 15, 2017. Since August 11, 2017, he has been employed with Morgan Stanley.
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