Public records provided by the Financial Industry Regulatory Authority (FINRA) on June 29, 2016 indicate that former New York-based Morgan Stanley broker/adviser Christopher Seshadri was recently discharged from Morgan Stanley. The securities and investment fraud law firm Fitapelli Kurta is interested in speaking investors who have complaints regarding Mr. Seshadri (CRD# 4733932).
Christopher Seshadri has spent 11 years in the securities industry and was most recently registered with Morgan Stanley in New York, New York (2013-2016). Previous registrations include Scott & Stringfellow in Hasbrouck Heights, New Jersey (2006-2013) and Bergen Capital in Hasbrouck Heights, New Jersey (2004-2006). He is currently not registered with any state or firm.
According to his BrokerCheck report, Christopher Seshadri is the subject of one pending customer complaint.
In March 2016, Christopher Seshadri was terminated from his position at Morgan Stanley Wealth Management following allegations related to his “use of discretion in several clients’ accounts.”
In January 2016, a customer alleged Christopher Seshadri, while employed at Morgan Stanley, made unsuitable investment recommendations. The customer is seeking $400,000 in damages in the pending complaint.
FINRA rules as well as federal securities law require that brokers like Jonathan “Joe” Lee recommend only investments that are suitable for their customers. The suitability standard requires financial professionals to consider the client’s age, investment goals, investment experience, risk tolerance, net worth, and many other factors. Brokers may not misrepresent or omit material facts related to an investment, as misrepresentations or omissions might lead a client to invest unsuitably. Brokers who fail to recommend suitable investments may be subject to disciplinary action by FINRA, the Securities and Exchange Commission, or state authorities.
If you or someone you know has a complaint regarding Christopher Seshadri, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup losses. Fitapelli Kurta accepts every case on contingency: we only get paid if and when you collect money. Time to file your claim may be limited, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.