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Broker Elliot Harris Permanently Barred From Securities Industry

Elliot HarrisPublicly available records provided by the Financial Industry Regulatory Authority (FINRA) on December 12, 2016 indicate that former Georgia-based Triad Advisors broker Elliot Harris has been permanently barred from acting as a broker or otherwise associating with firms that sell securities to the public. The securities and investment fraud law firm Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Harris (CRD# 2496586).

Elliot Harris has spent 21 years in the securities industry and was most recently registered with Triad Advisors in Norcross, Georgia (2010-2015). Previous registrations include Ladenburg Thalmann & Company in Boca Raton, Florida; Morgan Stanley Smith Barney in New York, New York; Citigroup Global Markets in New York, New York; AXA Advisors in Melville, New York; Ladenburg Thalmann & Company in New York, New York; and Ladenburg Capital Management in Bethpage, New York. He is currently not registered with any state or firm.

According to his BrokerCheck report, Elliot Harris has received one regulatory sanction, one customer complaint, and four pending customer complaints.

In July 2016 a customer alleged Elliot Harris, while employed at Ladenburg Thalmann & Company, breached contract, breached the implied covenant of good faith and fair dealing, acted negligently, executed unauthorized transactions, breached his fiduciary duty, and failed to supervise. The customer is seeking $900,000 in damages in the pending complaint.

In May 2016 a customer alleged Elliot Harris, while employed at Ladenburg Thalmann & Company, breached contract, acted negligently, breached his fiduciary duty, failed to supervise, effected unauthorized transactions, and churned the account. The customer is seeking $1,500,000 in damages in the pending complaint.

In May 2016 a customer alleged Elliot Harris, while employed at Ladenburg Thalmann & Company, churned the account, committed fraud, made unsuitable recommendations, and breached contract. The customer is seeking $70,000 in damages in the pending complaint.

In May 2016 a customer alleged he, while employed at Ladenburg Thalmann & Company, breached contract, breached the implied covenant of good faith and fair dealing, acted negligently, breached his fiduciary duty, violated Texas law, and churned the account. The customer is seeking $1,900,000 in damages in the pending complaint.

In April 2016 FINRA sanctioned him following allegations he “failed to provide documents and information requested by FINRA during the course of its investigation into allegations that he recommended unsuitable trades and engaged in unauthorized trading.”

In 2009 he was terminated from Morgan Stanley Smith Barney following allegations he “submitted a telephone log that contained false information during a review of certain client trades.”

If you have lost money investing with Elliot Harris, you may be able to collect lost funds. Call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on contingency: Fitapelli Kurta only gets 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.