Richard Paul Altieri of Boca Raton Florida a stockbroker and investment adviser representative of Morgan Stanley has been discharged on February 11, 2021 supported by accusations of Altieri failing to report complaints and misusing Morgan Stanley Wealth Management information.
Altieri has been identified in four customer initiated investment related disputes regarding allegations of his wrongdoing while employed by securities broker dealers including Citigroup Global Markets. FINRA Public Disclosure confirms that a customer initiated investment related complaint regarding Altieri’s conduct was resolved for $6,213.01 in damages based upon accusations of an unauthorized unit investment trust being held in the customer’s Citigroup account which resulted in damages.
Altieri is also the subject of a customer initiated investment related written complaint which was settled for $7,126.00 in damages founded on allegations of an unauthorized Vonage IPO purchase for the customer’s Citigroup account by Altieri. Another customer initiated investment related complaint involving Altieri’s activities was resolved for $14,999.00 in damages supported by accusations of the stockbroker making unsuitable recommendations regarding investments in preferred stocks.
Altieri is also referenced in a customer initiated investment related written complaint in which the customer requested compensatory damages based upon allegations of an unauthorized mutual fund transaction being executed in their account by the stockbroker at Morgan Stanley Smith Barney.
Altieri was registered with Morgan Stanley as a stockbroker and investment adviser representative between June 1, 2009 and March 9, 2021. Since February 22, 2021, Altieri has been registered with Raymond James Associates Inc. as a stockbroker and investment adviser representative.