Public records published by the Financial Industry Regulatory Authority (FINRA) on August 30, 2016 indicate that former Colorado-based Morgan Stanley broker Elaine Lacerte, also known as Elaine Diones and Elaine Diones Helzer, 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 speaking to investors who have complaints regarding Ms. Lacerte (CRD# 1536459).
Elaine Lacerte has spent thirty years in the securities industry and was most recently registered with Morgan Stanley in Colorado Springs, Colorado (2009-2016). Previous registrations include Citigroup Global Markets in Colorado Springs, Colorado (2005-2009); Morgan Stanley DW in Purchase, New York (1995-2005); Merrill Lynch in New York, New York (1987-1995); F&G Securities (1987); and Diones & Company (1986-1987). She is currently not registered with any state or firm.
According to her BrokerCheck report, Elaine Lacerte has received one pending customer complaint and one denied customer complaint.
In July 2016 a customer alleged Elaine Lacerte, while employed at Morgan Stanley Smith Barney, misrepresented material facts related to an investment. The customer is seeking unspecified damages in the pending complaint.
In 2014 a customer alleged Elaine Lacerte, while employed at Morgan Stanley Smith Barney, “told him he would receive par value for his unit investment trusts at maturity.” The customer sought unspecified damages in the complaint, which was denied.
Securities laws as well as FINRA rules prohibit brokers like Elaine Lacerte from making untrue or false statements that can mislead their clients — an act referred to as “misrepresentation.” Nor may they omit material facts regarding an investment, or the effect that an investment could have on the client’s finances. A “material fact” is a piece of information that would be a significant consideration for a reasonable investor in making a decision about an investment. Some examples include the risk level of a stock, the potential return on an investment, or the fees involved with the transaction. Brokers and investment advisers who misrepresent material facts may be subject to disciplinary action from FINRA, the Securities and Exchange Commission, or state authorities.
If you or someone you know has a complaint regarding Lacerte, also known as Elaine Diones and Elaine Diones Helzer, 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 a contingency basis: 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.