Ricki Jay Silverman of Fort Lauderdale, Florida, a stockbroker registered with Morgan Stanley, is the subject of a customer initiated investment related complaint filed on January 24, 2024, in which the customer requested compensatory damages based upon allegations that Silverman made the unsuitable investment recommendation of in corporate bonds and variable annuities when Silverman was associated with Morgan Stanley.
Financial Industry Regulatory Authority (FINRA) Public Disclosure shows that Silverman is referenced in five other customer initiated investment related disputes concerning Silverman’s conduct while associated with securities broker dealers. On January 22, 2004, a customer filed an investment related complaint involving Silverman’s conduct in which the customer requested compensatory damages based upon allegations that Silverman made an unreasonable switch from one fixed annuity to another during the time that Silverman was associated with Citigroup Global Markets Inc. This complaint was denied.
On March 10, 2008, another customer filed an investment related complaint involving Silverman’s conduct in which the customer requested $50,000.00 in damages based upon allegations that Silverman engaged in unsuitable and unauthorized trading in the customer’s account and made misrepresentations of material fact in connection with the sale of a variable annuity when Silverman was associated with Citigroup Global Markets Inc. The securities broker dealer denied this complaint.
Silverman was also referenced in a customer initiated investment related complaint filed on March 10, 2008, in which the customer requested $40,000.00 in damages based upon allegations that Silverman made misrepresentations of material fact in connection with the sale of government bonds, stocks, and over-the-counter equities. This complaint was denied.
On August 7, 2008, a different customer complaint involving Silverman’s conduct was settled for $18,306.00 in damages based upon allegations that Silverman made misrepresentations about variable annuities. Silverman is also referenced in a customer complaint filed on March 2, 2009, in which the customer requested $100,000.00 in damages based upon allegations that Silverman misrepresented information in connection with the sale of structured products during the time that Silverman was associated with UBS Financial Services Inc. The securities broker dealer denied this customer’s complaint.
Silverman was associated with Morgan Stanley in Fort Lauderdale, Florida from October 20, 2011, to July 8, 2022.
