Michael John Wagner of Atlanta, Georgia, a stockbroker registered with Morgan Stanley, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $4,100,000.00 in damages based upon allegations that Wagner engaged in unsuitable trading in options during the time that Wagner was associated with Morgan Stanley. FINRA Arbitration No. 22-00122 (January 23, 2023).
This is not the first time that Wagner has been referenced in a customer initiated investment related dispute concerning Wagner’s conduct in the securities industry. FINRA Public Disclosure shows that Wagner is also referenced in a customer initiated investment related complaint filed on August 16, 2021, in which the customer requested compensation based upon allegations that Wagner made misrepresentations of material fact in connection with the sale of options when Wagner was associated with Morgan Stanley. The securities broker dealer denied this complaint.
On January 13, 2022, a customer initiated investment related FINRA securities arbitration claim involving Wagner’s conduct was settled for $1,500,000.00 in damages based upon allegations that Wagner made misrepresentations about options when Wagner was associated with Morgan Stanley. FINRA Arbitration No. 20-03696.
Wagner has been associated with Morgan Stanley as a stockbroker and as an investment advisor representative since March 16, 2012.
