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Morgan Stanley’s Richard Fulton Has Regulatory Sanction

Richard FultonPublicly available records provided by the Financial Industry Regulatory Authority (FINRA) on May 16, 2016 indicate that Florida-based Morgan Stanley broker/adviser Richard Fulton has been the subject of customer complaints. The securities and investment fraud law firm Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Fulton (CRD# 1029575).

Richard Fulton has spent 33 years in the securities industry and has been registered with Morgan Stanley in Palm Beach Gardens, Florida since 2012. Previous registrations include Wells Fargo Advisors in Palm Beach Gardens, Florida; Prudential Securities in New York, New York; Smith Barney Harris Upham & Company in New York, New York; Kemper Securities in St. Louis, Missouri; Prescott Ball & Turben; Gulfstream Financial Associates; Palm Beach Financial; Vandeman & Fulton Securities; and First Jersey Securities. He is a registered broker and investment adviser with 34 US states and territories.

According to his BrokerCheck report, Richard Fulton has received one regulatory sanction and three customer complaints.

In November 2015, a customer alleged that Richard Fulton, while employed at Morgan Stanley, misrepresented material facts related to investments in mutual funds. The complaint settled for $40,000.

In 1995, a customer alleged that Richard Fulton, while employed at Prudential Securities, misrepresented material facts related to an investment, forged a signature, and executed excessive life insurance sales. The complaint settled in 1997 for $20,000.

In 2013, the Florida Office of Financial Regulation sanctioned Richard Fulton following allegations he made a material misstatement on an application for registration. His application was subsequently denied.

In 1987, a customer alleged that Richard Fulton, while employed at First Jersey Securities, recommended an unsuitable investment. The complaint resulted in an award to the customer of more than $20,300.

If you or someone you know has lost money investing with Richard Fulton, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup your losses. Fitapelli Kurta accepts all cases on a contingency basis: we only get paid if and when you collect money. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.