Michael Edward Rulison, of Syracuse, New York, a stockbroker currently registered with Morgan Stanley, is identified in a customer initiated investment related written complaint on August 3, 2020, where the customer sought compensatory damages based upon allegations that unauthorized trades were effected in the customer’s account by Rulison while he was associated with Morgan Stanley Smith Barney. According to the complaint, the customer sustained damages from corporate debt trades and common and preferred stock trades in February 2020.
Rulison has been identified in four more customer initiated investment related disputes regarding accusations of his wrongdoing when he was employed by securities broker dealers, including Morgan Stanley Smith Barney and Citigroup Global Markets Inc. Financial Industry Regulatory Authority (FINRA) Public Disclosure shows that a customer filed an investment related complaint involving Rulison’s conduct in which the customer requested $27,519.00 in damages supported by allegations of unsuitable trading.
Rulison is referenced in a different customer initiated investment related written complaint where the customer sought compensatory damages founded on accusations of Rulison effecting trades at Citigroup Global Markets without the customer’s consent.
Another customer initiated investment related FINRA securities arbitration claim concerning Rulison’s activities was resolved for $1,500,000.00 in damages based upon allegations of Rulison’s unsuitable stock trades during the time that he was employed by Citigroup Global Markets. According to the claim, Rulison also engaged in unauthorized trading, resulting in damages.
Rulison is also the subject of a customer initiated investment related complaint which was settled for $18,011.29 in damages supported by accusations of Rulison’s unauthorized margin use and trading between April of 2018 and August of 2018 when he was registered with Morgan Stanley Smith Barney.
Rulison has been registered with Morgan Stanley as a stockbroker since June 1, 2009, and registered with Morgan Stanley as an investment adviser representative since June 22, 2021.
