Tag Archives: Morgan Stanley Smith Barney LLC

Investors Accuse Morgan Stanley Of Unsuitable Trading

June 23, 2020  |   Posted by :   |   Securities Arbitration Claims, Unsuitable Investment Recommendations   |   Comments Off on Investors Accuse Morgan Stanley Of Unsuitable Trading

Edward Thomas Enstice of Linwood New Jersey a stockbroker formerly associated with Morgan Stanley has been referenced in a customer initiated investment related written complaint which was settled for $50,000.00 in damages on December 13, 2019 supported by allegations that the customer had been placed into unsuitable investments between March of 2015 and November of […]

Read More »

Morgan Stanley Stockbroker Caught Stealing $5 Million From Customers

Michael Barry Carter (also known as Mike Carter) of McLean Virginia a stockbroker formerly registered with Morgan Stanley Smith Barney is the subject of a customer initiated investment related complaint which was resolved on October 18, 2019 for $3,193,500.00 in damages based upon accusations of unauthorized withdrawals being effected from the customer’s account when Carter […]

Read More »

Investors File FINRA Arbitration Claim Against Morgan Stanley For Unsuitable Recommendations

Kirk J. Gill of Tucson Arizona a stockbroker formerly employed by Morgan Stanley Smith Barney has been identified in a customer initiated investment related arbitration claim where the customer sought $500,000.00 in damages founded on accusations that common or preferred stocks were unsuitable for the customer in view of the customer’s objectives for investing and […]

Read More »

Morgan Stanley Stockbroker Discharged For Unauthorized Trading

December 06, 2019  |   Posted by :   |   Bond Fraud, Investment and Regulatory News, Unauthorized Trading   |   0 Comments

Robert C. David Jr. of Farmington Hills Michigan a stockbroker formerly employed by Morgan Stanley Smith Barney has been discharged by the securities broker dealer on March 5, 2019 supported by allegations that (1) David used false information about customers to effect bond transactions in their Morgan Stanley accounts and (2) trades were effected by […]

Read More »

Investors Sue Morgan Stanley For Churning

Paul William Lascelle of Flemington New Jersey a stockbroker formerly registered with Morgan Stanley Smith Barney is the subject of a customer initiated investment related arbitration claim which was resolved for $45,000.00 in damages supported by accusations that unit investment trust, stock and mutual fund trades had been executed in the customer’s account in excessive […]

Read More »

Morgan Stanley Sued By Investors For Misappropriation

Sumitro Pal of Bethesda Maryland a stockbroker formerly registered with Morgan Stanley Smith Barney is the subject of a customer initiated investment related arbitration claim in which the customer sought unspecified damages supported by accusations that the customer’s funds had been misappropriated through an investment held by the customer outside the firm’s auspices between 2013 […]

Read More »

Investors Accuse Morgan Stanley Of Excessive Trading

James Samuel Mewhinney III of Dallas Texas a stockbroker formerly registered with Morgan Stanley is the subject of a customer initiated investment related written complaint on November 19, 2018 in which the customer requested $550,000.00 in damages based upon accusations that while Mewhinney was associated with Morgan Stanley: (1) Mewhinney effected trades in the customer’s […]

Read More »

Investors Accuse Morgan Stanley Of Unauthorized Trading

April 10, 2019  |   Posted by :   |   Investment and Regulatory News, Unauthorized Trading   |   0 Comments

William Lief Collins (also known as Bill Collins) of Birmingham Michigan a stockbroker currently employed by Morgan Stanley is the subject of a customer initiated investment related written complaint which was resolved for $8,973.25 on November 22, 2016 founded on allegations that unauthorized trades were effected in the customer’s brokerage and variable annuity accounts while […]

Read More »

Morgan Stanley Accused Of Misrepresenting Fees

April 10, 2019  |   Posted by :   |   Investment and Regulatory News   |   0 Comments

John Blair Knoth of Carlsbad California a stockbroker formerly employed by Morgan Stanley is the subject of a customer initiated investment related written complaint on August 22, 2018 where the customer sought unspecified damages based upon accusations that misrepresentations had been made to the customer concerning commissions charged on options trades placed in the customer’s […]

Read More »

SEC Bars Morgan Stanley Stockbroker For Fraud

Cornelius Peterson of Boston Massachusetts an investment adviser representative and stockstockbroker formerly employed by Morgan Stanley has been barred by the Securities and Exchange Commission (SEC) from associating with any investment advisor or stockbrokerage firm according to an Order Instituting Administrative Proceedings According to Investment Advisers Act of 1940 Section 203(f) and Securities Exchange Act […]

Read More »

Investors Blame Morgan Stanley For Bad Investment Advice

March 15, 2019  |   Posted by :   |   Investment and Regulatory News, Mutual Fund Fraud   |   0 Comments

John I. Snyder of Fort Lauderdale Florida a stockbroker currently employed by Morgan Stanley is the subject of a customer initiated investment related written complaint which was resolved for $8,000.00 on March 20, 2017 based upon accusations that investment recommendations made to the customer were not suitable given that possible mutual fund breakpoint discounts had […]

Read More »

Morgan Stanley Sued By Investors For Securities Fraud

Ganesh Iyer (also known as Ganesh Ramachandran) of Houston Texas a stockbroker formerly registered with Morgan Stanley has been named in a customer initiated investment related arbitration claim in which Iyer and Morgan Stanley were ordered by a FINRA Arbitration Panel to pay $54,954.04 in compensatory damages to the customer based upon the Panel finding: […]

Read More »

Investors Accuse Morgan Stanley Of Bad Investment Advice

March 07, 2019  |   Posted by :   |   Investment and Regulatory News   |   0 Comments

Drew Martin Reinhardt of Doylestown Pennsylvania a stockbroker currently employed by Morgan Stanley is the subject of a customer initiated investment related written complaint which was resolved for $49,999.99 on December 20, 2018 supported by accusations that the customer was poorly advised with respect to the sale of AutoZone equities from the customer’s investment portfolio. […]

Read More »

Investors Blames BBVA In Currency Mishap

Mario Omar Martinez Chavez of El Paso Texas a stockbroker formerly registered with BBVA Securities Inc. is the subject of a customer initiated investment related written complaint on March 28, 2018 where the customer requested more than $5,000.00 in damages founded on accusations that Chavez neglected to abide by the customer’s instructions pertaining to a […]

Read More »

Regulator Bars Morgan Stanley Broker Naming Himself Customer’s Beneficiary For Elder Abuse

John Anthony Waszolek of Scottsdale Arizona a stockbroker formerly employed by Raymond James Associates Inc. is referenced in an Arizona Corporation Commission Order revoking his securities registration in the State of Arizona based on findings that Waszolek engaged in unethical practices in the securities industry through steering an investor with dementia towards making Waszolek a […]

Read More »

Investors Sue Morgan Stanley For Bond Fraud

February 20, 2019  |   Posted by :   |   Bond Fraud, Investment and Regulatory News, Municipal Bond Fraud   |   0 Comments

Angel Edgardo Aquino-Velez of Miami Florida a stockbroker formerly employed by Morgan Stanley is referenced in a customer initiated investment related arbitration claim where the customer requested unspecified damages founded on accusations that between 2011 and 2017, closed-end fund and municipal debt transactions were executed in the customer’s account that were not suitable for the […]

Read More »

Morgan Stanley Fires Broker For Trading Dead Customer’s Account

February 19, 2019  |   Posted by :   |   Churning, Investment and Regulatory News   |   0 Comments

Daniel Patrick Reilly of New York New York a stockbroker formerly employed by Morgan Stanley has been discharged by the firm on May 18, 2018 supported by allegations that Reilly executed trades in a deceased customer’s investment account. Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Reilly is referenced in two customer initiated investment […]

Read More »

FINRA Nails Morgan Stanley Stockbroker For Lying

January 28, 2019  |   Posted by :   |   Investment and Regulatory News   |   0 Comments

Gregory Scott Taylor of Dallas Texas a stockbroker formerly employed by Morgan Stanley Smith Barney has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon an Order Accepting Offer of Settlement containing findings that Taylor: (1) failed to disclose information about being a beneficiary, […]

Read More »

FINRA Bars Morgan Stanley Broker In Investigation

Daniel Todd Levine of Greenwood Village Colorado a stockbroker formerly employed by Morgan Stanley has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Levine failed to cooperate with FINRA’s investigation into accusations that (1) Levine engaged in unauthorized trading of customer accounts […]

Read More »

Sigma Financial Broker Fined For Unauthorized Trading

Gregory Joseph Rusnak of St. Charles Illinois a stockbroker formerly registered with Sigma Financial Corporation has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Rusnak executed unauthorized trades in the accounts of Sigma Financial Corporation customers. Letter of Acceptance […]

Read More »

Morgan Stanley Broker Fined For Unauthorized Trading

January 19, 2019  |   Posted by :   |   Investment and Regulatory News, Unauthorized Trading   |   0 Comments

Frank Fornshell Venable II of Knoxville Tennessee a stockbroker currently registered with Morgan Stanley has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Venable placed unauthorized trades in Morgan Stanley customers’ accounts. Letter of Acceptance Waiver and Consent No. […]

Read More »

Investors Accuse Morgan Stanley Of Annuity Fraud

John Jeffrey Clay of Washington District of Columbia a stockbroker formerly registered with Morgan Stanley Smith Barney is referenced in a customer initiated investment related written complaint on January 25, 2017 in which the customer sought unspecified damages based upon allegations that the customer was inappropriately sold a variable annuity investment in July of 2016. […]

Read More »

Investors Sue Morgan Stanley For Unsuitable Options Trading

Izhar Shefer of Aventura Florida a stockbroker formerly employed by Morgan Stanley is referenced in a customer initiated investment related arbitration claim in which the customer sought $700,000.00 in damages founded on accusations that Shefer engaged in unsuitable trading of options and equities in the customer’s managed account between 2011 and 2017. Financial Industry Regulatory […]

Read More »

Investor Accuses Morgan Stanley Of Fixed Income Fraud

Carlos Aurelio Alvarado of Houston Texas a stockbroker currently employed by Morgan Stanley is referenced in a customer initiated investment related written complaint on November 8, 2018 where the customer sought unspecified damages supported by accusations that between 2005 and 2018, Alvarado executed corporate debt transactions in the customer’s account that were not suitable for […]

Read More »

Investors Accuse Morgan Stanley Of Unauthorized Trading

December 13, 2018  |   Posted by :   |   Investment and Regulatory News, Unauthorized Trading   |   0 Comments

John Martin Kelley Jr. of Northfield New Jersey a stockbroker currently registered with Morgan Stanley is the subject of a customer initiated investment related written complaint on October 12, 2018 in which the customer sought damages estimated to exceed $5,000.00 in damages based in part on accusations that unauthorized stock trades were effected in the […]

Read More »

Morgan Stanley Stockbroker Fined For Unauthorized Trading

Richard Aloysius Juracka of New York New York a stockbroker currently registered with Morgan Stanley has been fined $50,00.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he effected unauthorized trades in Morgan Stanley customers’ accounts. Letter of Acceptance Waiver and Consent […]

Read More »

FINRA Bars Morgan Stanley Broker For Failure To Cooperate

November 12, 2018  |   Posted by :   |   Investment and Regulatory News   |   0 Comments

Scott William Hartman of Dallas Texas a stockbroker formerly employed by Morgan Stanley has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that he neglected to furnish information to FINRA personnel inquiring into his activities. Case No. 2016049225001 (May 31, 2017). FINRA Public Disclosure reveals […]

Read More »

Morgan Stanley Stockbroker Barred For Hindering Investigation

November 12, 2018  |   Posted by :   |   Investment and Regulatory News, Unauthorized Trading   |   0 Comments

Bruce Arnold Plyer of Florham Park New Jersey a stockbroker formerly employed by Morgan Stanley has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he obstructed a FINRA investigation into allegations that he placed unapproved trades in customers’ investment accounts. Letter of […]

Read More »

Morgan Stanley Sued By Investors For Excessive Trading

Frank Fornshell Venable III of Knoxville Tennessee a stockbroker currently registered with Morgan Stanley is referenced in a customer initiated investment related arbitration claim in which the customer requested unspecified damages supported by accusations of excessive trading of the customer’s investments including (a) structured products (b) unit investment trusts and (c) mutual funds. Financial Industry […]

Read More »

Morgan Stanley Discharges Broker For Misconduct

November 03, 2018  |   Posted by :   |   Investment and Regulatory News   |   0 Comments

Daniella Rebecca Rand of San Francisco California a stockbroker formerly employed by Morgan Stanley has been discharged by the firm on March 6, 2017 based upon Morgan Stanley’s allegations that Rand violated the firm’s customer correspondence directives and provided inaccurate or incomplete information to the firm in regard to Rand’s activities when investigated for misconduct. […]

Read More »