Articles Tagged with Morgan Stanley

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Fabio La rosa (La rosa), currently associated with Morgan Stanley, has at least one disclosable event. These events include one tax lien, alleging that La rosa recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a final customer complaint on January 17, 2025.

Without admitting or denying the findings, La Rosa consented to the sanctions and to the entry of findings that he made unauthorized transactions by processing transfers of funds totaling $90,700 from the trust accounts established for two customers, a retired married couple, to their joint brokerage account upon instructions given to him by one of the customers, who was not authorized to direct transactions in the trust accounts. The findings stated that on the firm’s verbal authorization forms completed for these transfers, La Rosa inaccurately represented that he had spoken with the trustee of the trusts-i.e., the authorized individual for the trust accounts-when he had actually communicated with one of the customers. La Rosa did not earn any compensation for the transfers. The firm learned of the transfers after the trustee complained and it compensated the trusts for certain costs and expenses associated with the transfers.

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Michelle Yang (Yang), currently associated with Morgan Stanley, has at least one disclosable event. These events include one customer complaint, alleging that Yang recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint on October 02, 2024.

Client alleges the fees and commissions for the product she purchased were misrepresented.

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Bobby Aycock (Aycock), currently associated with Morgan Stanley, has at least one disclosable event. These events include one customer complaint, alleging that Aycock recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint on June 01, 2023.

Client alleges, inter alia, FA did not act in claimant’s best interest with respect to the management of client’s account June 2021 – March 2022

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Traci Marchi (Marchi), currently associated with Morgan Stanley, has at least one disclosable event. These events include one customer complaint, alleging that Marchi recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint with a damage request of $370,464.35 on June 27, 2024.

From approximately early March 2017 through approximately summer 2018, in connection with an outside business activity not involving the Firm, the plaintiff alleges common law fraud, elder abuse, breach of fiduciary duty, improper receipt of fund, unjust enrichment, conversion, intentional interference with contracts, and breach of contract related to an investment in a limited liability company that owned real estate.

The law offices of Gana Weinstein LLP are currently investigating claims that Broker Jason Wolter (Wolter) has been accused by investors of engaging in fraudulent misappropriation of their funds. According to records kept by The Financial Industry Regulatory Authority (FINRA), it appears that Wolter was employed by Morgan Stanley at the time of the activity.  If you have been a victim of Wolter’s alleged misconduct our firm may be able to assist you in recovering funds.

FINRA BrokerCheck shows a final customer complaint on March 28, 2024.

Without admitting or denying the findings, Wolter consented to the sanctions and to the entry of findings that he exercised discretion in the accounts of two customers without written authorization from the customers and without seeking his member firm’s approval of the accounts as discretionary. The findings stated that one customer instructed Wolter to communicate with the customer’s son about transactions in his accounts, and the customer granted his wife and son power of attorney authority (POA) over his financial accounts. Wolter did not obtain a copy of the POA, inform his member firm of the POA, or amend the customer’s account information to reflect the POA or any authorizations over the customer’s account. Nonetheless, Wolter stopped seeking the customer’s prior approval for the transactions and, instead, sought prior approval from the customer’s wife or son, neither of whom were authorized in the firm’s records to approve transactions in the customer’s accounts. A second customer gave Wolter implied authorization to exercise discretion in the customer’s account, but Wolter did not have written authorization to exercise discretion in the account, and the firm did not approve the account as discretionary.

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jesus Rodriguez (Rodriguez), previously associated with Morgan Stanley, has at least 4 disclosable events. These events include 3 customer complaints, one civil event, alleging that Rodriguez recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint on November 15, 2024.

Clients alleged fa used funds deposited in their morgan stanley account to purchase investments away from morgan stanley  2019

According to BrokerCheck records kept by The Financial Industry Regulatory Authority (FINRA) broker Heidi Chamberlain (Chamberlain), currently associated with Morgan Stanley, has been subject to at least one disclosable event. These events include one customer complaint. Several of those complaints against Chamberlain concern allegations of high frequency trading activity also referred to as churning or excessive trading among other securities laws violations.

FINRA BrokerCheck shows a pending customer complaint on December 09, 2024.

Customers allege unauthorized purchases and sales of assets, excessive transactions or excessive commissions, inappropriate asset purchases, and lack of analysis as to appropriate assets to purchase, during the timeframe of 2019 through 2024.

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jean-pierre Gobic (Gobic), currently associated with Morgan Stanley, has at least one disclosable event. These events include one customer complaint, alleging that Gobic recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint on November 01, 2024.

Claimants alleges violations of reg bi and misrepresentation with respect to alternative investment strategy – 2021 to 2023

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Tiffany Keigley (Keigley), previously associated with Morgan Stanley, has at least one disclosable event. These events include one customer complaint, alleging that Keigley recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint on November 08, 2024.

CLIENT HAS ALLEGED THAT CLIENT SERVICE ASSOCIATE USED CLIENT’S ACCOUNT TO PAY BILLS AND TO MAKE VARIOUS CASH TRANSFERS TO, OR FOR THE BENEFIT OF, THE CLIENT SERVICE ASSSOCIATE, WITHOUT THE CLIENT’S PERMISSION, 2018-2024

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Kenper Miller (Miller), currently associated with Morgan Stanley, has at least one disclosable event. These events include one customer complaint, alleging that Miller recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint on November 04, 2024.

Claimant alleged, inter alia, that the options trading strategy  executed in his managed account was unsuitable –  2018 to 2020

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