Publicly available records published by the Financial Industry Regulatory Authority (FINRA) on June 7, 2016 indicate that Washington DC-based Morgan Stanley broker/adviser Wendy Feldman is the subject of a pending customer complaint. The securities and investment fraud law firm Fitapelli Kurta is interested in speaking to investors who have complaints regarding Ms. Feldman (CRD# 1946800).
Wendy Feldman has spent 26 years in the securities industry and has been registered with Morgan Stanley in Washington, DC since 2009. Previous registrations include Morgan Stanley & Company in Washington, DC (2008-2009); Wachovia Securities in Washington, DC (2003-2008); Prudential Securities in New York, New York (1993-2003); Smith Barney Shearson in New York, New York (1993); and Lehman Brothers in New York, New York (1989-1993). She is a registered broker and investment adviser with 23 US states and territories.
According to his BrokerCheck report, Wendy Feldman is the subject of one pending customer complaint.
In 2015, a customer alleged Wendy Feldman, while employed at Morgan Stanley, effected unauthorized transactions, purchased unsuitable securities, and failed to disclose fees in regards to the client’s accounts. The customer is seeking $5,000,000 in damages in the pending complaint.
According to a Financial Times report published on June 6, 2016, Morgan Stanley has been ordered to pay $8.6 million in damages and costs to a retired customer who filed a complaint against Wendy Feldman and another representative, Peter Doyle. The client alleged Ms. Feldman and Mr. Doyle were “inappropriately collecting more than $2 million in commissions over three and a half years.” He additionally alleged Ms. Feldman and Mr. Doyle placed him in unsuitable investments that included “a risky Chinese internet company as well as a Papua New Guinea oil and gas outfit that at one point made up 43% of the couple’s account holdings.” A FINRA arbitration panel ordered Morgan Stanley to pay $6.1 million in damages, $2 million in punitive damages, and more than $490,000 in legal costs.
If you have lost money investing with Wendy Feldman or Peter Doyle, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 without delay. You may be entitled to recoup your losses. We accept all cases on contingency: Fitapelli Kurta only gets paid if and when you collect money. Time to file your claim may be limited, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.