Vincent Michael Magee of Marco Island Florida a stockbroker formerly employed by Morgan Stanley is referenced in a customer initiated investment related written complaint on January 18, 2018 where the customer alleged that on August 18, 2017, a variable annuity purchase had been effected without the customer’s consent.
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Magee has been identified in six more customer initiated investment related disputes pertaining to accusations of his violative conduct during the time that he was registered with Morgan Stanley and Raymond James & Associates, Inc. Specifically, on June 29, 2000, a customer filed an investment related complaint concerning Magee’s activities in which the customer requested $6,000.00 in damages supported by allegations that misrepresentations had been made to the customer concerning the principal risks pertaining to mutual fund and corporate bond holdings.
Then, on December 21, 2003, a customer filed an investment related complaint regarding Magee’s conduct where the customer sought $500,000.00 in damages based upon accusations that the customer was inappropriately advised to invest in a portfolio comprised of speculative over-the-counter equities. On December 16, 2008, another customer filed an investment related complaint involving Magee’s activities in which the customer requested damages estimated to exceed $5,000.00 founded on allegations that government debt transactions were executed in the customer’s account without the customer’s consent.
Further, on March 12, 2009, a customer filed an investment related complaint concerning Magee’s conduct where the customer sought $30,000.00 in damages supported by accusations that Magee effected mutual fund transactions in the customer’s account that were neither suitable nor authorized by the customer. Subsequently, a customer initiated investment related arbitration claim concerning Magee’s activities was resolved for $82,500.00 in damages based upon allegations including misrepresentation, suitability, negligence, breach of fiduciary duty and breach of contract. FINRA Arbitration No. 11-01988 (Jan. 5, 2012). Moreover, on October 28, 2015, a customer filed an investment related complaint regarding Magee’s activities in which the customer alleged unauthorized mutual fund trades to have been executed in the customer’s account.
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