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Morgan Stanley broker, Ward McGee, Complaints

According to records provided by the Financial Industry Regulatory Authority (FINRA), former California-based Morgan Stanley broker Ward McGee is currently not licensed to act as a broker or an investment adviser. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. McGee (CRD# 327556).

Ward McGee has spent 46 years in the securities industry and was most recently registered with Morgan Stanley in Palo Alto, California (2009-2015). Previous registrations include Morgan Stanley & Company in Palo Alto, California (2007-2009); Morgan Stanley DW in Palo Alto, California (2007); Wachovia Securities in East Palo Alto, California (2003-2007); Prudential Securities in New York, New York (1988-2003); Birr Wilson (1988-1988); BWS (1986-1988); Birr Wilson & Company (1977-1986); Starr & Kuehl (1976-1987); and Reynolds Securities (1967-1974). He is currently not registered with any state or firm.

shutterstock_45011008According to his BrokerCheck report, Ward McGee is the subject of one customer complaint, one pending customer complaint, and one withdrawn customer complaint.

In 2013 a customer alleged Ward McGee, while employed at Morgan Stanley, made unsuitable investment recommendations from 2010-2012. The customer is seeking $1,000,000 in damages in the pending complaint.

In 2012 a customer alleged Ward McGee, while employed at Morgan Stanley, recommended an unsuitable investment in a variable annuity. The complaint settled for more than $245,400.

In 2005 a customer alleged Ward McGee, while employed at Prudential Securities, failed to disclose the surrender charge associated with an annuity purchased in 2000. The customer sought $77,000 in damages in the complaint, which was withdrawn.

If you or someone you know has complaints regarding Ward McGee, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be entitled to recover lost funds. All cases are taken on contingency: we only receive payment if and when you collect money. Time to file your claim may be limited, so we suggest you avoid delay. Call 877-238-4175 now to speak to an attorney for free.