Articles Tagged with Morgan Stanley

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Alex MuscatiPublicly available records provided by the Financial Industry Regulatory Authority (FINRA) on June 21, 2017 indicate that Florida-based Morgan Stanley broker/adviser Alex Muscati has received resolved or pending customer disputes. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Muscati (CRD# 2311373).

Alex Muscati has spent 23 years in the securities industry and has been registered with Morgan Stanley in Palm Harbor, Florida since 2012. Previous registrations include Merrill Lynch in Clearwater, Florida; Wachovia Securities in St. Louis, Missouri; Prudential Securities in New York, New York; Salomon Smith Barney in New York, New York; American Express Financial Advisors in Minneapolis, Minnesota; IDS Life Insurance Company in Minneapolis, Minnesota; and Chatfield Dean & Company in Greenwood Village, Colorado. He is a registered broker and investment adviser with 29 US states and territories.

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

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Laurence PierronPublicly available records provided by the Financial Industry Regulatory Authority (FINRA) on June 15, 2017 indicate that Texas-based Morgan Stanley broker/adviser Laurence Pierron, also known as Chip Pierron, has been named in a pending customer dispute. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Pierron (CRD# 1465942).

Laurence Pierron has spent 31 years in the securities industry and has been registered with Morgan Stanley in Plano, Texas since 2011. Previous registrations include Southwest Securities in Plano, Texas; Merrill Lynch in McKinney, Texas; Fiserv Investor Services in Houston, Texas; Tradestar Investments in Houston, Texas; GR Phelps & Company; and Dean Witter Reynolds in Purchase, New York. He has passed five securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination); Series 63 (Uniform Securities Agent State Law Examination); Series 7 (General Securities Representative Examination); Series 15 (Foreign Currency Options Examination); and Series 31 (Futures Managed Funds Examination). He is a registered broker and investment adviser with 11 US states and territories: Alabama, Arizona, Arkansas, California, Colorado, Indiana, Kansas, Ohio, Oklahoma, Pennsylvania, and Texas.

According to his BrokerCheck report, Laurence Pierron has received one pending customer complaint.

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Sumitro PalPublicly available records provided by the Financial Industry Regulatory Authority (FINRA) on June 14, 2017 indicate that Maryland-based Morgan Stanley broker/adviser Sumitro Pal has received resolved or pending customer disputes. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Pal (CRD# 4763364).

Sumitro Pal has spent 13 years in the securities industry and has been registered with Morgan Stanley in Bethesda, Maryland since 2009. Previous registrations include Morgan Stanley & Company in Bethesda, Maryland and Morgan Stanley DW in Bethesda, Maryland. He has passed three securities industry examinations: 66 (Uniform Combined 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 32 US states and territories.

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

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Michael GoldbergPublicly available records provided by the Financial Industry Regulatory Authority (FINRA) on May 20, 2017 indicate that New Jersey-based Morgan Stanley broker/adviser Michael Goldberg has received resolved or pending customer disputes. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Goldberg (CRD# 1526794).

Michael Goldberg has spent 30 years in the securities industry and has been registered with Morgan Stanley in Short Hills, New Jersey since 2009. Previous registrations include Citigroup Global Markets in Short Hills, New Jersey (1993-2009) and Lehman Brothers in New York, New York (1986-1993). He has passed four securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination); Series 63 (Uniform Securities Agent State Law Examination); Series 7 (General Securities Representative Examination); and Series 3 (National Commodity Futures Examination). He is a registered broker and investment adviser with 23 US states and territories.

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

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Morgan StanleyAccording to an April 2017 report by AdvisorHub, Morgan Stanley has reached a settlement with the State of Massachusetts in connection to “charges that it ginned up sale of portfolio-backed loans in parts of its New England region through sales contests that rewarded brokers with higher expense accounts and paid $50 for each processed loan application to sales assistants.” Fitapelli Kurta is interested in speaking with investors who have complaints regarding investments made in such products through Morgan Stanley.

Morgan Stanley has neither admitted to nor denied the charges but has consented to sanctions including a censure and a civil penalty of $1,000,000. The alleged misconduct, which would also have been in violation of the firm’s internal policies and procedures, constituted the firm “successfully influenc[ing] 30 brokers and managers in five offices in Massachusetts and Providence, R.I., from late 2013 to early 2015 to open bank lines and have clients draw them down by offering as much as $5,000 of extra ‘business development allowances’ (BDA) to brokers who met targets,” according to the report. AdvisorHub also cites a private internal email which states that the alleged incentive program, in 2014, “generated a 272% increase over the previous year in securities-based loans (known internally as PLAs) and new loan balances of almost $24 million.”

The state’s findings included allegations that “compliance and risk officers turned thumbs down on the program when they learned of it after bankers tried to extend it in the New England complex and expand it to a Pittsburgh complex,” but that those risk officers did not enforce their decisions, per the AdvisorHub article. Morgan Stanley got rid of its New England region during a January restructuring.

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Elaine Lacerte

Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on May 10, 2017 indicate that former Colorado-based Morgan Stanley broker Elaine Lacerte has received several resolved or pending customer disputes and is currently not affiliated with any broker-dealer firm. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Ms. Lacerte (CRD# 1536459).

Elaine Lacerte has spent 30 years in the securities industry and was most recently registered with Morgan Stanley in Colorado Springs, Colorado. Previous registrations include Citigroup Global Markets in Colorado Springs, Colorado; Morgan Stanley DW in Purchase, New York; Merrill Lynch in New York, New York; F&G Securities; and Diones & Company. She has passed four securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination); Series 63 (Uniform Securities Agent State Law Examination); Series 7 (General Securities Representative Examination); and Series 31 (Futures Managed Funds Examination). She is currently not registered with any state or firm.

According to her BrokerCheck report, she has received two customer complaints and one pending customer complaint.

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Helen Timpe

Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on April 25, 2017 indicate that former California-based Morgan Stanley broker/adviser Helen Timpe has been named in a pending customer dispute. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Ms. Timpe (CRD# 861786).

Helen Timpe has spent 38 years in the securities industry and was most recently registered with Morgan Stanley in Newport Beach, California (2009-2017); Morgan Stanley & Company in Newport Beach, California; Morgan Stanley DW Newport Beach, California; and Merrill Lynch in New York, New York. She has passed five securities industry examinations: Series 7 (General Securities Representative Examination), Series 31 (Futures Managed Funds Examination), Series 63 (Uniform Securities Agent State Law Examination), Series 3 (National Commodity Futures Examination) and Series 65 (Uniform Investment Adviser Law Examination). She is currently not registered with any state or firm.

According to her BrokerCheck report, she has received one pending customer complaint and one denied customer complaint.

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Antoine SoumaPublicly available records provided by the Financial Industry Regulatory Authority (FINRA) on March 23, 2017 indicate that California-based Morgan Stanley broker/adviser Antoine Souma has received resolved or pending customer disputes. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Souma (CRD# 4210987).

Antoine Souma has spent sixteen years in the securities industry and has been registered with Morgan Stanley in Los Angeles, California since June 2016. Previous registrations include JP Morgan Securities in Los Angeles, California; Deutsche Bank Securities in Los Angeles, California; and UBS Financial Services in Beverly Hills, California. He is a registered broker and investment adviser with fifty US states and territories.

According to his BrokerCheck report, Antoine Souma has received one customer complaint and one pending customer complaint.

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Kevin GunnipPublicly 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.

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Richard Kern

Publicly available records published by the Financial Industry Regulatory Authority (FINRA) on March 20, 2017 indicate that former Ohio-based Morgan Stanley broker/adviser Richard Kern has been sanctioned by FINRA and suspended from acting as a broker. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Kern (CRD# 1705828).

Richard Kern has spent 28 years in the securities industry and was most recently registered with Morgan Stanley in Beavercreek, Ohio (2009-2016). Previous registrations include Citigroup Global Markets in Dayton, Ohio (1993-2009) and Lehman Brothers in New York, New York (1987-1993). He has passed four securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination); Series 63 (Uniform Securities Agent State Law Examination); Series 7 (General Securities Representative Examination); and Series 3 (National Commodity Futures Examination). He is currently not registered with any state or firm.

According to his BrokerCheck report, Richard Kern has been sanctioned by FINRA and resigned from his former employer.