Brian John Bogart of McLean Virginia is a stockbroker formerly registered with Morgan Stanley who is the subject of a customer initiated investment related arbitration claim where the customer requested $25,711.11 in damages supported by accusations that unsuitable transactions were placed in the customer’s in-house money manager account between 2015 and 2016. Financial Industry Regulatory Authority (FINRA) Arbitration No. 17-00753 (Apr. 10, 2017).
FINRA Public Disclosure reveals that Bogart has been referenced in twelve additional customer initiated investment related disputes containing allegations of his improper conduct while he was employed with Prudential Securities Incorporated. Specifically, on January 12, 2001, a customer initiated investment related written complaint involving Bogart’s conduct was settled for $43,658.43 in damages founded on accusations that Bogart provided poor investment advice to the customer concerning the tax liability pertaining to an annuity purchase.
Thereafter, on February 21, 2001, a customer initiated investment related written complaint that pertained to Bogart’s activities was resolved for $25,237.23 in damages based upon allegations that Bogart effected equities purchases in the customer’s investment portfolio even though the customer asked Bogart for bonds to be purchased. On December 11, 2001, another customer filed an investment related written complaint that concerned Bogart’s conduct in which the customer sought $78,280.00 in damages supported by accusations of unsuitable investment recommendations and inappropriate stock transactions having been executed in the customer’s managed account.
Moreover, on December 20, 2001, a customer initiated investment related written complaint involving Bogart’s conduct was settled for $10,000.00 in damages founded on allegations that Bogart inappropriately advised the customer to retain the customer’s PHP Healthcare stock position. On April 4, 2002, another customer initiated investment related written complaint regarding Bogart’s activities was resolved for $20,000.00 in damages based upon accusations that unsuitable equities recommendations were made by Bogart, where Bogart failed to properly consider the customer’s objectives for investing and tolerance for risk.
Further, on October 22, 2002, a customer initiated investment related written complaint involving Bogart’s conduct was settled for $45,000.00 in damages supported by allegations that mutual funds transactions effected in the customer’s individual retirement account were neither suitable nor authorized by the customer. Bogart has also been subject of a customer initiated investment related arbitration claim which settled for $43,000.00 in damages founded on accusations that Bogart poorly managed the customer’s investment account and placed over-the-counter equities transactions without the customer’s consent.
Bogart’s registration with Morgan Stanley was terminated on July 15, 2016. He has been employed by Purshe Kaplan Sterling Investments since July 19, 2017.
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