Seth Gordon Mason of Grand Rapids, Michigan, a stockbroker previously registered with Morgan Stanley, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim. In this claim, the customer requested compensatory damages based upon allegations that Mason engaged in unsuitable trading in the customer’s account from 2017 to 2023 during Mason’s association with Morgan Stanley. FINRA Arbitration No. 23-01428 (May 17, 2023).
According to FINRA Public Disclosure, Mason is referenced in six other customer initiated investment related disputes concerning his conduct while associated with securities broker dealers. On March 8, 2021, a customer initiated investment related complaint involving Mason’s conduct was settled for $11,881.00 in damages. The complaint stated that Mason provided unsuitable recommendations in unit investment trusts and mutual funds from October 2013 to August 2020.
In another customer complaint about Mason that was filed on July 17, 2002, Salomon Smith Barney customers alleged that Mason’s advice was not given with their best interests in mind. The complaint, which involved common and preferred stock as well as over-the-counter equities, was settled on December 10, 2002, for $3,617.62 in damages.
Mason was also the subject of a customer complaint filed on May 20, 2002. The customer alleged unsuitable recommendations, asserting that Class A mutual fund shares should have been purchased for their portfolio instead of Class B or Class C shares. This complaint was denied.
Mason was also involved in a complaint while at Salomon Smith Barney, where the customer alleged the unauthorized liquidation of their account and subsequent purchase of stocks. The complaint was settled on February 9, 2001, for $3,458.35 in damages.
Mason was associated with Morgan Stanley in Grand Rapids, Michigan, from June 1, 2009, to March 9, 2022.
