Thomas Mark Adams of Farmington Hills, Michigan, a stockbroker currently registered with Morgan Stanley, has been named in a customer initiated investment related arbitration claim, which settled for $85,000.00 in damages based upon allegations that between November 1, 2012 and January 31, 2016, Adams made misrepresentations to the customer about the suitability of structured products he recommended for the customer. FINRA Arbitration No. 16-01055 (Oct. 9, 2017).
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Adams has been identified in three more customer initiated investment related disputes concerning allegations of Adams’ misconduct while he was registered with Morgan Stanley. Particularly, on October 19, 2002, a customer filed an investment related written complaint involving Adams’ conduct, wherein the customer sought $500,000.00 in damages founded on allegations of the breach of fiduciary duty relating to options and equities purchases effected in the customer’s investment account.
Thereafter, on January 20, 2003, a customer investment related written complaint regarding Adams’ activities was settled for $6,382.00 in damages supported by allegations of unsuitability in regard to the customer’s annuities. Further, on July 14, 2005, a customer filed an investment related written complaint pertaining to Adams’ activities, alleging that over-the-counter equities transactions were placed in the customer’s account that failed to be appropriate for the customer.
Guiliano Law Group
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