Kevin C. Yang, of Pasadena, California, a stockbroker currently registered with Morgan Stanley Inc., has been named in a customer initiated investment related arbitration claim, which settled on December 18, 2016, for $57,500.00 in damages based upon allegations that Yang made misrepresentations to the customer and effected unsuitable structured transactions in the customer’s account.
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Yang has been named in three additional customer initiated investment related disputes containing allegations of Yang’s misconduct while employed with Morgan Stanley and Merrill Lynch Pierce Fenner & Smith, Inc. In particular, on April 13, 2009, a customer initiated investment related arbitration claim involving Yang’s conduct was settled for $16,300,000.00 in damages based upon allegations that Yang effected auction rate corporate debt security transactions that were not suitable and which had been misrepresented in reference to liquidity and risk.
On November 3, 2016, another customer initiated investment related arbitration claim regarding Yang’s activities was resolved for $405,000.00 in damages based upon allegations that Yang made unsuitable investment recommendations to the customer regarding structured products. Additionally, on January 17, 2017, a customer initiated investment related written complaint regarding Yang’s activities was resolved for $65,000.00 in damages based upon allegations that Yang made misrepresentations to the customer regarding structured notes investments.
Guiliano Law Group
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