John Thomas Guzy of Morristown New Jersey a stockbroker formerly employed by Morgan Stanley Smith Barney is the subject of a customer initiated investment related arbitration claim where the customer sought $100,000.00 in damages supported by allegations that between 2012 and 2015, the customer was placed in municipal debt investments that were not suitable for the customer. Financial Industry Regulatory Authority (FINRA) Arbitration No. 17-02473 (September 19, 2017).
FINRA Public Disclosure reveals that Guzy has been identified in two additional customer initiated investment related disputes containing accusations of Guzy’s misconduct while employed with Smith Barney. In particular, a customer initiated investment related arbitration claim involving Guzy’s conduct was resolved for $26,750.00 in damages based upon allegations of the violation of federal and state securities law, negligence, unsuitability, breach of contract and breach of fiduciary duty in reference to the customer’s unit investment trust and mutual fund holdings. New York Stock Exchange (NYSE) Arbitration No. 2004-014928 (Dec. 31, 2004).
Thereafter, on August 31, 2005, a customer filed an investment related complaint regarding Guzy’s conduct in which the customer requested $150,000.00 in damages founded on accusations that Guzy mishandled the customer’s mutual fund account, and sold the customer unsuitable mutual funds given the securities failing to conform to the customer’s tolerance for risk and objectives for investing. The customer additionally alleged that Smith Barney failed to supervise Guzy’s activities.
Guzy’s registration with Morgan Stanley has been terminated as of January 30, 2017.
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