Published on:

James Duffy Allegedly Recommended Unsuitable Corporate and Municipal Bonds

James DuffyPublic records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on March 28, 2018 indicate that New York-based Morgan Stanley broker James Duffy has received resolved or pending customer disputes. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Duffy (CRD# 1652887).

James Duffy has spent 30 years in the securities industry and has been registered with Morgan Stanley in Riverhead, New York since 2009. Previous registrations include Morgan Stanley & Company in Riverhead, New York (2007-2009); Morgan Stanley DW in Riverhead, New York (2006-2007); Merrill Lynch in Southampton, New York (2006); Advest in Southampton, New York (2000-2006); First Union Securities in St. Louis, Missouri (2000); First Albany Corporation in New York, New York (1993-2000); and McLaughlin Piven Vogel Securities in New York, New York (1987-1994). He has passed five securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination), which he obtained on December 13, 1999; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on July 7, 1987; Series 7 (General Securities Representative Examination), which he obtained on June 20, 1987; Series 10 (General Securities Sales Supervisor – General Module Examination), which he obtained on January 30, 2001; and Series 9 (General Securities Sales Supervisor – Options Module Examination), which he obtained on January 30, 2001. He is a registered broker with 25 US states and territories.

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

In January 2018 a customer alleged James Duffy, while employed at Morgan Stanley Smith Barney, recommended unsuitable corporate and municipal bonds. The customer is seeking unspecified damages in the pending complaint.

In 2016 a customer alleged he, while employed at Morgan Stanley, recommended unsuitable products. The customer sought $250,000 in damages in the complaint, which was denied.

In 2012 a customer alleged James Duffy, while employed at Morgan Stanley Smith Barney, recommended unsuitable investments. The complaint settled for $8,000.

In 2001 a customer alleged he, while employed at First Albany Corporation, recommended unsuitable high yield debt securities. The customer sought $30,000 in damages in the complaint, which was denied.

In 2000 a customer alleged James Duffy, while employed at First Albany Corporation, purchased an unsuitable corporate bond. The complaint settled for $7,000.

If you have complaints regarding James Duffy, 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.