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Ian Deliz Morales Has Eight Complaints

Ian Deliz MoralesFlorida-based Morgan Stanley broker Ian Deliz Morales is the subject of several pending customer complaints. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Morales (CRD# 4697350).

Ian Deliz Morales has spent twelve years in the securities industry and has been registered with Morgan Stanley in Tampa, Florida since 2014. Previous registrations include Popular Securities in San Juan, Puerto Rico (2007-2014) and Citigroup Global Markets in San Juan, Puerto Rico (2003-2007). He is a registered broker and investment adviser with five US states and territories: California, Florida, Georgia, Maryland, and Puerto Rico.

According to his BrokerCheck report, Ian Deliz Morales is the subject of eight customer complaints and one tax lien.

  • In February 2016 a customer alleged Ian Deliz Morales, while employed at Popular Securities, unsuitably recommended the purchase of Puerto Rico closed-end funds and Puerto Rico bonds, resulting in an over-concentrated and high risk portfolio. The customer is seeking $289,273 in damages in the pending complaint.
  • In December 2015 a customer alleged Ian Deliz Morales, while employed at Popular Securities, recommended unsuitable purchases of Puerto Rico closed-end funds and Puerto Rico bonds. The customer is seeking damages exceeding $60,000 in the pending complaint.
  • In September 2015 a customer alleged Ian Deliz Morales, while employed at Popular Securities, made unsuitable investment recommendations and misleading representations. The customer is seeking $850,000 in damages in the pending complaint.
  • In September 2015 a customer alleged Morales, while employed at Popular Securities, unsuitably recommended the purchase of Puerto Rico bonds, resulting in an over-concentrated and high-risk portfolio. The customer is seeking $5,818,315 in damages in the pending complaint.
  • In July 2015 a customer alleged Ian Deliz Morales, while employed at Popular Securities, recommended Puerto Rico closed-end funds and bonds that resulted in an over-concentrated portfolio. The customer is seeking $800,000 in damages in the pending complaint.
  • In 2014 a customer alleged Morales, while employed at Popular Securities, recommended Puerto Rico closed-end funds and bonds that resulted in an over-concentrated portfolio. The customer is seeking $400,000 in damages in the pending complaint.
  • In 2014 a customer alleged Ian Deliz Morales, while employed at Popular Securities, unsuitably recommended Puerto Rico closed-end funds and bonds that resulted in an over-concentrated portfolio. The customer is seeking $285,000 in damages in the pending complaint.

If you or someone you know has complaints regarding Ian Deliz Morales, 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.

This information made public by the Financial Industry Regulatory Authority on March 8, 2016.