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 regulatory, 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 October 08, 2024.
On September 5, 2024, without admitting or denying the findings, Arnella entered into an Acceptance, Waiver and Consent (‘AWC’) with FINRA wherein Arnella consented to the entry of findings that between June 2017 and June 2020, Arnella made promissory and unwarranted statements to the public and firm customers about a publicly traded company, as well as statements that predicted performance of the company’s stock, including publicly posting his opinion about what he expected the future stock price to be by the end of 2018, and stating to two firm customers in writing that there was a ‘100 percent’ chance that the company’s loss in a patent litigation trial would be overturned. Arnella agreed to a one-month suspension from associating with any FINRA member in all capacities and to the payment of a fine in the amount of $5,000.
