Michael Edward Fitzgerald, of San Francisco, California, a stockbroker currently registered with Morgan Stanley, has been identified in a customer initiated investment related complaint on February 14, 2017, in which the customer’s claim was based on allegations of unsuitable investment recommendations of stock in 2014.
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Fitzgerald has been identified in four more customer initiated investment related disputes concerning allegations of his wrongdoing while employed with PaineWebber, Inc. and Morgan Stanley. Specifically, a customer initiated investment related complaint regarding Fitzgerald’s conduct was settled on February 16, 1996, for $530,000.00 in damages supported by allegations of the firm’s failure to supervise him, and for misrepresentation, breach of fiduciary duty and suitability.
Then, on May 22, 1997, a customer initiated investment related complaint involving Fitzgerald’s conduct was resolved for $80,000.00 in damages founded upon accusations that Fitzgerald breached his fiduciary duties regarding the customer’s holdings of FL Otek Industries and Belmac stock. Subsequently, a customer initiated investment related complaint concerning Fitzgerald’s activities was settled on March 8, 2016, for $50,000.00 in damages based upon allegations of inadequate diversification of stock in the customer’s portfolio between 2010 and 2015.
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