Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on March 1, 2018 indicate that New Jersey-based Morgan Stanley broker/adviser Adele Polakoff has received a customer complaint and was recently named in a state regulatory investigation. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Ms. Polakoff (CRD# 865402).
Adele Polakoff has spent 38 years in the securities industry and has been registered with Morgan Stanley in Paramus, New Jersey since 2009. Previous registrations include Morgan Stanley & Company in Paramus, New Jersey (2007-2009); Morgan Stanley DW in Paramus, New Jersey (2002-2007); UBS Painewebber in Weehawken, New Jersey (1996-2002); Prudential Securities in New York, New York (1989-1996); and Thomson McKinnon Securities in New York, New York (1979-1989). She has passed three securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination), which she obtained on March 7, 1994; Series 63 (Uniform Securities Agent State Law Examination), which she obtained on January 29, 1983; and Series 7 (General Securities Representative Examination), which she obtained on April 21, 1979. She is a registered broker and investment adviser with 19 US states and territories: Arizona, California, Connecticut, the District of Columbia, Florida, Georgia, Hawaii, Maine, Maryland, Massachusetts, Michigan, Nevada, New Jersey, New York, North Carolina, Pennsylvania, South Carolina, Tennessee, and Virginia.
According to his BrokerCheck report, she has received one customer complaint, two denied customer complaints, and one pending state regulatory investigation.
In December 2017 she was named in an investigation by the Connecticut Department of Banking into allegations she violated state securities law regarding false and misleading statements made in connection to an investigation and examination. The investigation remains pending.
In 2012 a customer alleged Adele Polakoff, while employed at Morgan Stanley & Company, recommended an unsuitable annuity investment. The customer sought $12,830 in damages in the complaint, which was denied.
In 2009 a customer alleged Adele Polakoff, while employed at UBS Financial Services, misrepresented material facts related to the risk of General Motors stock. the customer sought $16,250 in damages in the complaint, which was denied.
In 2004 a customer alleged Adele Polakoff, while employed at UBS Financial Services, recommended unsuitable investments, over-concentrated investments in the account, and breached her fiduciary duty. The complaint settled for $9,999.
If you or someone you know has lost money investing with Adele Polakoff, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup your losses. Fitapelli Kurta accepts all cases on a contingency basis: we only get paid if and when you collect money. Time to file your claim may be limited by law, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.