James Morgan Levitt of New York, New York, a stockbroker associated with Morgan Stanley, is the subject of a customer initiated investment related written complaint, which settled on June 19, 2017 for $9,000.00 in damages supported by allegations that between March 1, 2014 and December 31, 2014, Levitt executed excessive trades relating to closed-end funds, exchange traded funds, and individual equities.
Financial Industry Regulatory Authority (FINRA) Public Disclosure also confirms that on August 3, 2012, a customer filed an investment related written complaint pertaining to Levitt’s conduct, alleging that misrepresentations were made with regard to municipal, government and corporate asset funds, as well as stock and unit investment trust investments.
Subsequently, on December 14, 2012, a customer initiated investment related written complaint regarding Levitt’s activities was resolved for $25,000.00 in damages founded on accusations that the customer’s instructions were not followed, and commissions had been inappropriately charged to the customer.
Levitt’s registration with Morgan Stanley was terminated on July 20, 2015. Since June 29, 2015, he has been registered with Wells Fargo Clearing Services, LLC.
The information contained herein has been obtained from reliable sources however may not be accurate and is not guaranteed by us. Readers are encouraged to undertake their own independent investigation and evaluation of the relevant facts. All claims and allegations are subject to adjudication, decisions may be subject to appeal, and no inference is intended, nor should any inference be made from any information contained herein from any source.
This posting and the information on our website is for general information purposes only. This content should be not considered legal advice, and any responses, comments, e-mails, other communications do not form any attorney client relationship. Attorney Advertisement. See Important Disclaimer
Guiliano Law Group
Our practice is limited to the representation of investors. We accept representation on a contingent fee basis, meaning there is no cost to you unless we make a recovery for you. There is never any charge for a consultation or an evaluation of your claim. For more information, contact us at (877) SEC-ATTY.
For more information concerning common claims against stockbrokers and investment professionals, please visit us at securitiesarbitrations.com
To learn more about FINRA Securities Arbitration, and the legal process, please visit us at securitiesarbitrations.com
