Dean Curtis Abraham of Las Vegas, Nevada, a stockbroker currently associated with Morgan Stanley, is the subject of a customer initiated investment related arbitration claim, where the customer sought $4,700,000.00 in damages supported by accusations that from 2003 to 2016, the customer was exposed to excessive trading and charging of fees relating to her variable annuity and managed account investments. Financial Industry Regulatory Authority (FINRA) Arbitration No. 17-02537 (Sept. 22, 2017).
FINRA Public Disclosure confirms that Abraham has been identified in two more customer initiated investment related disputes pertaining to allegations of Abraham’s wrongdoing during the time he was associated with Dean Witter Reynolds and Salomon Smith Barney. Specifically, on December 21, 1999, a customer filed an investment related written complaint involving Abraham’s conduct, in which the customer requested $420,000.00 in damages based upon accusations that Abraham churned the customer’s portfolio of options investments.
Thereafter, a customer initiated investment related written complaint involving Abraham’s conduct was settled for $14,007.00 in damages founded on allegations that Abraham effected unsuitable over-the-counter equities transactions in the customer’s account.
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