Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Christopher Arnella (Arnella), currently associated with Morgan Stanley, has at least one disclosable event. These events include one tax lien, alleging that Arnella recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a final customer complaint on September 05, 2024.
Without admitting or denying the findings, Arnella consented to the sanctions and to the entry of findings that he made promissory and unwarranted statements about a publicly traded company, and statements that predicted the future performance of the company’s stock. The findings stated that Arnella publicly posted his opinion about what he expected the future stock price of the company to be by the end of on eyear. Arnella also stated, in writing, to two firm customers that there was a 100 percent chance that the company’s loss in a patent litigation trial would be overturned.
