Colin Edward Hammer, of Akron, Ohio, a stockbroker currently registered with Morgan Stanley, is the subject of a customer initiated investment related arbitration claim on July 27, 2016, where the customer requested $1,400,000.00 in damages based upon allegations that between 2010 and 2016, Hammer engaged in several sales practice violations including the failure to effect suitable stock transactions in the customer’s account.
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Hammer has been subject of three additional customer initiated investment related disputes concerning accusations of his wrongdoing while he was associated with Morgan Stanley Smith Barney. For instance, on August 26, 2009, a customer filed an investment related written complaint involving Hammer’s conduct, wherein the customer sought $17,976.79 in damages supported by accusations that Hammer made unauthorized open-end mutual fund purchases in the customer’s investment portfolio.
Thereafter, on November 18, 2015, a customer filed an investment related written complaint regarding Hammer’s activities, supported by allegations that he effected the purchase of an unsuitable fixed annuity that deprived the customer of liquidity. Furthermore, on August 10, 2016, a customer filed an investment related written complaint involving Hammer’s conduct, formed by accusations that Hammer effected unsuitable mutual fund, equity and debt investments in the customer’s investment portfolio.
Guiliano Law Group
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