James Henry Duffy of Riverhead New York a stockbroker registered with Morgan Stanley is the subject of a customer initiated investment related written complaint on April 12, 2018 in which the customer alleged that municipal and corporate debt investments were purchased in the customer’s accounts that were not appropriate for the customer.
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Duffy has been identified in four additional customer initiated investment related disputes pertaining to allegations of his violative conduct during the time that he was employed by Morgan Stanley and First Albany Corporation. Specifically, on January 2, 2001, a customer filed an investment related complaint concerning Duffy’s conduct where the customer sought $30,000.00 in damages founded on accusations that the customer was placed into high yield corporate debt investments that were not suitable for the customer.
On June 19, 2000, another customer initiated investment related complaint involving Duffy’s activities was resolved for $7,000.00 in damages supported by allegations that the customer was placed into a speculative corporate debt investment that failed to conform to the customer’s risk tolerance and objectives for investing. Then, on April 3, 2013, a customer initiated investment related complaint regarding Duffy’s conduct was settled for $8,000.00 in damages based upon accusations that equity, municipal debt and corporate debt transactions were placed in the customer’s account despite the transactions failing to be appropriate for the customer considering the customer’s goals for principal protection.
Moreover, on December 9, 2016, a customer filed an investment related complaint concerning Duffy’s activities in which the customer requested $250,000.00 in damages founded on allegations of suitability relating to the customer’s options, stock and corporate debt holdings.
Duffy has been employed with Morgan Stanley since June 1, 2009.
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