Archive

Jonathan William Lonske of Boston Massachusetts a stockbroker formerly registered with Morgan Stanley has been issued a Consent Order by Massachusetts Securities Division which requires Lonske to be placed on heightened supervision based on allegations that he was the subject of customer initiated investment related complaints and was terminated from a securities broker dealer for […]

Frank Fornshell Venable III of Knoxville Tennessee a stockbroker currently registered with Morgan Stanley has been fined by Tennessee Securities Division based upon Venable having been sanctioned by Financial Industry Regulatory Authority (FINRA) for effecting discretionary trades in customer accounts. Case No. TSD No. 20-013 (June 26, 2020). The Securities Division found Venable to be […]

Michael Barry Carter (also known as Mike Carter) of McClean Virginia a stockbroker formerly registered with Morgan Stanley has been fined $220,000.00 and barred by the State of Maryland from being a stockbroker or investment adviser representative supported by allegations that he defrauded investors. Case No. 2019-0176 (Dec. 15, 2020). According to the Consent Order, […]

Jeffrey Neil Cadan of New York New York a stockbroker formerly registered with Morgan Stanley is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested compensatory damages based upon accusations that between July of 2014 and December of 2016, excessive trades had been effected in the customer’s […]

William Lief Collins (also known as Bill Collins) of Birmingham Michigan a stockbroker currently registered with Morgan Stanley is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $800,000.00 in damages supported by accusations that unauthorized trades were executed in the customer’s account between March 1, 2019 […]

John Frederick Griner of Atlanta Georgia a stockbroker and investment adviser representative of 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 findings that he enganged in unauthorized trading in customer accounts. Letter of Acceptance Waiver and Consent No. 2019064538201 (Jan. […]

Borislav Valentinov Kolev (also known as Bobby Kolev) of Aventura Florida a stockbroker formerly registered with Morgan Stanley is referenced in a customer initiated investment related written complaint on July 9, 2020 where the customer requested unspecified damages founded on accusations that the stockbroker effected a stock purchase in the customer’s account without the Morgan […]

David Charles Turetzky of Saddle Brook New Jersey a stockbroker currently registered with Ameriprise Financial Services LLC is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer sought $500,000.00 in damages founded on allegations of sales practice violations pertaining to the customer’s account at Ameriprise. Financial Industry Regulatory […]

Stephen Sloane of New York New York a stockbroker formerly registered with WestPark Capital Inc. and Morgan Stanley has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on a Decision issued by FINRA’s Office of Hearing Officers who found that Sloane made unsuitable investment recommendations to customers […]

Keith Allen Bryan of Sarasota Florida a stockbroker formerly registered with Morgan Stanley is the subject of a customer initiated investment related arbitration claim which was resolved for $24,900.00 in damages supported by accusations of misrepresentations being made by the stockbroker concerning the customer’s Morgan Stanley investments. Financial Industry Regulatory Authority (FINRA) Arbitration No. 19-00735 […]

Barry Franklin Connell of Ridgewood New Jersey a stockbroker formerly registered with Morgan Stanley Smith Barney is referenced in a customer initiated investment related arbitration claim which was resolved for $1,350,000.00 in damages supported by allegations that the customer’s funds had been misappropriated by the stockbroker’s actions at Morgan Stanley. Financial Industry Regulatory Authority (FINRA) […]

Anthony Edward Dacruz of New York New York a stockbroker currently registered with Morgan Stanley has been referenced in a customer initiated investment related written complaint on April 14, 2020 where the customer sought unspecified damages founded on allegations that the customer had been placed into unsuitable closed end funds and municipal bonds by Dacruz […]

Kirk J. Gill of Tucson Arizona a stockbroker formerly employed by Morgan Stanley Smith Barney is referenced in a customer initiated investment related arbitration claim in which the customer requested $238,316.00 in damages founded on allegations that the customer was sold unsuitable energy sector securities between December of 2013 and March of 2016 during the […]

David Wayne Kraft of Palm Beach Gardens Florida a stockbroker formerly registered with Morgan Stanley is the subject of a customer initiated investment related written complaint on March 30, 2020 in which the customer requested $1,201,922.12 in damages supported by allegations of the unauthorized “removal” of funds from the customer’s account during the time that […]

Daniel Todd Levine of Greenwood Village Colorado a stockbroker formerly employed by Morgan Stanley has been issued an Order from Securities and Exchange Commission (SEC) in which he has been barred from being a stockbroker or investment adviser representative or otherwise barred from associating with securities broker dealers or investment advisors based upon accusations of […]

Francisco Javier Valenzuela of Tucson Arizona a stockbroker formerly associated with Morgan Stanley Smith Barney has been referenced in a customer initiated investment related written complaint on February 6, 2020 in which the customer requested unspecified damages supported by allegations that the customer had been placed into unsuitable corporate bond investments by the stockbroker between June […]

Eugene Nathan Gordon (also known as Gene Gordon) of Palo Alto California a stockbroker currently employed by Fortune Financial Services has been issued an Order of Summary Revocation and Issuance of Restricted License by California Department of Insurance supported by allegations of Gordon having failed to disclose sanctions imposed against him by Financial Industry Regulatory […]

Nordo Mauro Nissi III of Boston Massachusetts a stockbroker formerly registered with Morgan Stanley is referenced in a customer initiated investment related arbitration claim in which the customer sought $500,000.00 in damages supported by allegations that fraudulent misrepresentations and omissions had been made relating to the customer’s investments and that the customer was defrauded during […]

Christopher A. Reid of Marlton New Jersey a stockbroker formerly employed by Morgan Stanley has been fined $5,000.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Reid engaged in private securities transactions while registered with Morgan Stanley. Letter of Acceptance Waiver […]

Morgan Stanley a securities broker dealer headquartered in Purchase New York has been censured and fined $175,000.00 by Financial Industry Regulatory Authority (FINRA) founded on findings that it neglected to supervise stockbroker engaged in bond trading scheme. Letter of Acceptance Waiver and Consent No. 2019063917801 (Aug. 12, 2020). According to the AWC, a stockbroker by […]

Stephen Sloane of New York New York a stockbroker employed by Morgan Stanley has been identified in a FINRA Department of Enforcement Complaint where the regulator is seeking sanctions including a fine and suspension against Sloane for providing unsuitable investment recommendations to customers and for charging them excessive fees for trades that he executed at […]

Michael Frank Paesano of New York New York a stockbroker formerly employed by Morgan Stanley has been identified in a customer initiated investment related arbitration claim where the customer sought unspecified damages founded on accusations that trades were executed in the customer’s account in excessive amounts between July of 2014 and December of 2016 while […]

Peggy Jean Doherty-Punderson (also known as Peggy Jean Waller) of Lebanon New Hampshire a stockbroker formerly employed by Morgan Stanley has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on the stockbroker’s consent to findings that she failed to cooperate with FINRA during an investigation into transactions […]

Michael Harvey Siva of Morristown New Jersey a stockbroker formerly registered with Morgan Stanley has been barred from being a stockbroker or an investment adviser representative or otherwise associating with any securities broker dealer or investment advisory according to a Securities Exchange Commission (SEC) Order based on Siva pleading guilty to conspiracy to commit securities […]

Daniel Patrick Reilly of New York New York a stockbroker formerly employed by Morgan Stanley Smith Barney has been identified in a customer initiated investment related written complaint which was resolved on July 30, 2018 for $40,000.00 in damages founded on accusations that unauthorized equity transactions were executed in the customer’s account between January of […]

Kenneth Marc Hutkin of New York New York a stockbroker and investment adviser representative formerly associated with Morgan Stanley has been referenced in a customer initiated investment related written complaint on February 20, 2020 in which the customer requested unspecified damages supported by allegations that the customer had been placed into unsuitable municipal debt investments […]

Mark Allen Frommer of Chicago Illinois a stockbroker formerly associated with Morgan Stanley has been referenced in a customer initiated investment related written complaint on September 18, 2019 in which the customer requested unspecified damages supported by allegations of an unauthorized liquidity access line being used to borrow against the customer’s portfolio for the purchase […]

Laurence Michael Braunstein of New York New York a stockbroker formerly associated with Morgan Stanley has been referenced in a customer initiated investment related written complaint on February 20, 2020 in which the customer requested unspecified damages supported by allegations that municipal debt transactions that were executed in the Morgan Stanley customer’s account had failed […]

Sachin Kumar of New York New York a stockbroker formerly 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 findings that Kumar advised a Morgan Stanley customer to sign blank or incomplete documents relating to the transfer of the […]

Alberto Antonio Castaner (also known as Tito Castaner and as Antonio Castaner Barcelo) of Fort Lauderdale Florida a stockbroker currently employed by Morgan Stanley has been identified in a customer initiated investment related arbitration claim which was resolved for $25,000.00 in damages founded on accusations that the Morgan Stanley customer was inappropriately advised by Castaner […]