Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on November 10, 2016 indicate that former Pennsylvania-based Morgan Stanley broker Robert Beck is currently not affiliated with any broker-dealer firm. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Beck (CRD# 2121454).
Robert Beck has spent 25 years in the securities industry and was most recently registered with Morgan Stanley in Jenkintown, Pennsylvania (2012-2016). Previous registrations include UBS Financial Services in Philadelphia, Pennsylvania (2001-2012); First Union Securities in St. Louis, Missouri (1999-2001); First Union Capital Markets in Charlotte, North Carolina (1997-1999); and Prudential Securities in New York, New York (1991-1997). He is currently not registered with any state or firm.
According to his BrokerCheck report, Robert Beck has received one customer complaint and was terminated from Morgan Stanley.
In May 2016 Robert Beck was terminated from his position at Morgan Stanley following allegations involving “Concerns relating to employee’s disclosures relating to outside activities.”
In 2014 a customer alleged Robert Beck, while employed at Morgan Stanley Smith Barney, effected excessive transactions between May 2013 and May 2014. The complaint settled for $35,000.
In 2001 a customer alleged Robert Beck, while employed at First Union Securities, made unsuitable investment recommendations. The customer sought $80,000 in the complaint, which was denied.
FINRA rules dictate that brokers like Robert Beck may not participate in outside business activities without providing written notice to their employer. Specifically, FINRA Rule 3270 states: “No registered person may be an employee, independent contractor, sole proprietor, officer, director or partner of another person, or be compensated, or have the reasonable expectation of compensation, from any other person as a result of any business activity outside the scope of the relationship with his or her member firm, unless he or she has provided prior written notice to the member, in such form as specified by the member.” Brokers who violate this rule may be subject to disciplinary activity.
If you have lost money investing with Robert Beck, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recover lost funds. All cases are taken on contingency: we only receive payment if and when you recover money. You may have a limited window to file your complaint, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.