Patricia Ann McGinley, of Greenwich, Connecticut, a stockbroker registered with Morgan Stanley, was the subject of a customer initiated investment related complaint that was settled on March 27, 2023, for $28,000.00 in damages based upon allegations that McGinley made misrepresentations of material fact in connection with the sale of closed-end funds when McGinley was associated with Morgan Stanley.
This is not the first time that McGinley has been referenced in a customer initiated investment related dispute concerning McGinley’s conduct in the securities industry. Financial Industry Regulatory Authority (FINRA) Public Disclosure shows that McGinley was the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer was awarded $8,000.00 in compensatory damages because McGinley and Salomon Smith Barney Inc. were held liable for sales practice violations. NASD Arbitration No. 95-02800. The Statement of Claim alleged that McGinley made omissions of material fact and provided unsuitable advice during the time that McGinley was associated with Salomon Smith Barney Inc.
On March 26, 2008, a FINRA securities arbitration claim involving McGinley’s conduct resulted in the customer being awarded compensatory damages because McGinley and Citigroup Global Markets Inc. were held liable for sales practice violations. FINRA Arbitration No. 06-04256. The Statement of Claim alleged that McGinley made misrepresentations of material fact, was negligent, breached a contract, and engaged in unauthorized trading in stocks during the time that McGinley was associated with Citigroup Global Markets Inc.
McGinley has been associated with Morgan Stanley in Greenwich, Connecticut since June 1, 2009.
