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Geoffrey Paul Allegedly “Over-Concentrated” a Customers Account

Geoffrey PaulPublicly available records provided by the Financial Industry Regulatory Authority (FINRA) on December 25, 2016 indicate that California-based Morgan Stanley broker/adviser Geoffrey Paul has been the subject of resolved or pending customer disputes. The experienced attorneys at Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Paul (CRD# 1034573).

Geoffrey Paul has spent 34 years in the securities industry and has been registered with Morgan Stanley in Beverly Hills, California since May 2016. Previous registrations include UBS Financial Services in Century City, California; Bear Stearns & Company in Los Angeles, California; CIBC World Markets in New York, New York; and Merrill Lynch in New York, New York. He is a registered broker and investment adviser with 34 US states and territories.

According to his BrokerCheck report, Geoffrey Paul has received two customer complaints and one pending customer complaint.

In November 2016 a customer alleged Geoffrey Paul, while employed at UBS Financial Services, “made unauthorized purchases of unsuitable structured products, specifically reverse convertibles known as trigger yield optimization notes” and over-concentrated the portfolio in risky investments. The customer is seeking $700,000-950,000 in damages in the pending complaint.

In 2000 a customer alleged Geoffrey Paul, while employed at CIBC World Markets, misrepresented the nature of margin transactions. The complaint settled for $125,000.

In 1999 a customer alleged Geoffrey Paul, while employed at Oppenheimer & Company, committed fraud, breached contract, breached his fiduciary duty, and made unsuitable investment recommendations. The complaint resulted in an award to the customer of $147,000.

“Margin” refers to the practice of borrowing funds from one’s broker or investment adviser to purchase a security, with that security itself used as collateral in the transaction. There are many benefits to purchasing securities on margin, chiefly the increase of purchasing power that allows investors to buy more securities without completely paying for them. There are also many risks, chiefly the increase in potential for significant losses. Brokers, investment advisers, and broker-dealer firms who unsuitably recommend investments on margin may be subject to disciplinary action by FINRA or the Securities and Exchange Commission.

If you have complaints regarding Geoffrey Paul, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be entitled to recoup your losses. 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.