Publicly available records published by the Financial Industry Regulatory Authority (FINRA) on March 22, 2017 indicate that Texas-based Morgan Stanley broker/adviser Kevin Gunnip has been the subject of resolved or pending customer disputes. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Gunnip (CRD# 2701801).
Kevin Gunnip has spent 21 years in the securities industry and has been registered with Morgan Stanley in Southlake, Texas since 2009. Previous registrations include Morgan Stanley & Company in Fort Worth, Texas and Morgan Stanley DW in Fort Worth, Texas. He has passed four securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination); Series 63 (Uniform Securities Agent State Law Examination); Series 31 (Futures Managed Funds Examination) and Series 7 (General Securities Representative Examination). He is a registered broker and investment adviser with thirty US states and territories.
According to his BrokerCheck report, he has received one customer complaint and one pending customer complaint.
In February 2017 a customer alleged Kevin Gunnip, while employed at Morgan Stanley, recommended unsuitable investments in equity-listed products and managed/wrap accounts. The customer is seeking $265,000 in damages in the pending complaint.
In 2015 a customer alleged Kevin Gunnip, while employed at Morgan Stanley, made unsuitable investment recommendations. The complaint settled in 2016 for $150,000.
According to FINRA rules as well as federal securities law, financial advisers like Kevin Gunnip are beholden to a fiduciary duty that requires them to act only in their clients’ best interests. This means, for instance, that they can only recommend suitable investments that take into account such factors as the client’s investment experience, goals, income, net worth, and risk tolerance. Brokers and advisers are forbidden from misrepresenting or omitting material facts related to an investment, as this might cause a customer to invest unsuitably. Brokers and firms who fail to recommend suitable investments may be subject to disciplinary action by FINRA or the Securities and Exchange Commission.
If you or someone you know has complaints regarding Kevin Gunnip, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be entitled to recover lost funds. All cases are taken on a contingency basis: we only receive payment if and when you collect money. Time to file your claim may be limited, so we suggest you avoid delay. Call 877-238-4175 now to speak to an attorney for free.