Chuck Correal of Upper Saint Clair Pennsylvania is a stockbroker formerly registered with Morgan Stanley who is the subject of a customer initiated investment related arbitration claim in which the customer alleged that equity transactions were effected in the customer’s account between 2009 and 2016 that were not suitable for the customer. Financial Industry Regulatory Authority (FINRA) Arbitration No. 17-02032 (Aug. 9, 2017).
FINRA Public Disclosure confirms that Correal has been identified in four more customer initiated investment related disputes pertaining to accusations of Correal’s improper conduct during the time he was associated with Morgan Stanley. In particular, a customer initiated investment related arbitration claim involving Correal’s conduct was settled for $124,000.00 in damages supported by allegations that unsuitable oil stock purchases had been executed in the customer’s stock portfolio from 2011 to 2015. FINRA Arbitration No. 15-003142 (Apr. 11, 2017).
Thereafter, a customer was awarded $110,000.00 in damages according to an investment related arbitration that pertained to Correal’s activities which contained findings of liability on the customer’s claims of negligence, breach of fiduciary duty, violation of Pennsylvania Unfair Trade Practices and Consumer Protection Law, breach of fiduciary duty, and suitability relating to real estate investment trust and energy sector stock positions placed in the customer’s account from September 21, 2010 to January 6, 2016. FINRA Arbitration No. 16-00523 (June 7, 2017).
Subsequently, a customer was awarded $7,500.00 in damages according to an investment related arbitration claim involving Correal’s misconduct where Correal was found liable for placing inappropriate equity transactions in the customer’s account between 2011 and 2016. FINRA Arbitration No. 17-00792 (Sept. 19, 2017). Moreover, a customer initiated investment related arbitration claim regarding Correal’s activities was resolved for $4,750.00 in damages founded on accusations that between December 1, 2012 and July 31, 2015, Correal made misrepresentations concerning stocks and allocated the customer’s assets among structured products that were not appropriate for the customer. FINRA Arbitration No. 17-00956 (Mar. 1, 2018).
Correal has been employed by Harvest Financial Corporation since May 24, 2016.
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