Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on March 13, 2017 indicate that New York-based Morgan Stanley broker/adviser Andrew Katchen has been the subject of a customer dispute. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Katchen (CRD# 3196392).
Andrew Katchen has spent seventeen years in the securities industry and has been registered with Morgan Stanley in New York, New York since March 2017. He was previously registered with Merrill Lynch in New York, New York (1999-2017). He has passed three securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination); Series 63 (Uniform Securities Agent State Law Examination); and Series 7 (General Securities Representative Examination). He is a registered broker and investment adviser with twenty US states and territories: Alaska, California, Connecticut, the District of Columbia, Florida, Georgia, Maryland, Michigan, Nevada, New Jersey, New York, North Carolina, Ohio, Pennsylvania, Rhode Island, South Carolina, Texas, Virginia, Washington and Wyoming.
According to his BrokerCheck report, Andrew Katchen has received one customer complaint.
In 2008 a customer alleged Andrew Katchen, while employed at Merrill Lynch, executed an unauthorized trade with respect to auction rate securities. The complaint settled in 2009 for $100,000.
According to a report published by Financial Advisor HQ on March 3, 2017, citing anonymous sources, Andrew Katchen recently departed his former employer Merrill Lynch for Morgan Stanley, “over the wirehouse’s decision to stop offering commission-based retirement accounts.” The report states further that Mr. Katchen’s unconfirmed departure was “prompted by Merrill Lynch’s October decision to drop commission-based accounts to limit potential conflicts of interest among its brokers ahead of the Department of Labor’s fiduciary rule, three people who know the advisors are said to have told AdvisorHub.”
If you have complaints regarding Alan Rosenberg, 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.