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.
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