Month: May 2018

HANLEY LAW INVESTIGATES DAVID OLSON EX-MORGAN STANLEY BROKER LARGO FLORIDA

According to the Financial Industry Regulatory Authority (“FINRA”) David Olson has been barred from the industry for refusing to appear for an on-the-record interview in which testimony was requested in connection with an investigation by FINRA into allegations that he was involved in an undisclosed business activity, and that he solicited a loan from a customer for that outside business activity. In December 2016, FINRA began an investigation regarding allegations that Olson was involved in an undisclosed outside business activity and that Olson solicited a loan from a Morgan Stanley customer for that outside business activity. Morgan Stanley terminated Matthew Singer’s registration on March 14, 2016 according the FINRA Letter of Acceptance, Waiver and Consent (AWC 2016052579701).

David Olson entered the securities industry in 1987. David Olson (CRD # 1700644) has been registered with the following firms:

Morgan Stanley
CRD# 149777
St. Petersburg, FL
07/30/2010 – 01/13/2017

Merrill Lynch, Pierce, Fenner & Smith, Inc.
CRD# 7691
Clearwater, FL
10/23/2009 – 08/03/2010

Banc of America Investment Services, Inc.
CRD# 16361
Belleair Bluffs, FL
09/10/2004 – 10/23/2009

UBS Financial Services, Inc.
CRD# 8174
Weehawken, NJ
01/28/1999 – 09/30/2004

Prudential Securities Inc.
CRD# 7471
New York, NY
08/25/1989 – 02/10/1999

Thomson McKinnon Securities, Inc.
CRD# 829
New York, NY
05/02/1989 – 08/25/1989

Painewebber Inc.
CRD# 8174
07/22/1987 – 05/08/1989

HANLEY LAW

Hanley law represents individual investors nationwide with significant losses in their portfolios, retirement plans or investment accounts. The firm is dedicated to assisting investors to recover losses suffered by unsuitability, over-concentration, fraud, misrepresentation, self-dealing, unauthorized trades or other wrongful acts, whether intentional or negligent. The firm handles cases against the major Wall Street broker dealers, including Morgan Stanley.

Let Hanley Law work for you. Call (239)649-0050 or contact the firm through our Website to arrange a free confidential consultation with an attorney to discuss your experiences with your stock broker which resulted in investment losses.

HANLEY LAW INVESTIGATES MATTHEW SINGER EX-MORGAN STANLEY BROKER AVENTURA FLORIDA

According to the Financial Industry Regulatory Authority (“FINRA”) Matthew Singer has been barred from the industry for refusing to appear for an on-the-record interview in which testimony was requested in connection with an investigation by FINRA into whether or not he and others made unsuitable options recommendations to customers. Morgan Stanley terminated Matthew Singer’s registration on March 14, 2016 according the FINRA Letter of Acceptance, Waiver and Consent (AWC 2016049937901).

Matthew Singer entered the securities industry in 2006. Matthew Singer (CRD # 4972708) has been registered with the following firms:

MORGAN STANLEY (CRD#:149777)
AVENTURA, FL
07/22/2013 – 03/14/2016

FBN SECURITIES, INC. (CRD#:18315)
NEW YORK, NY
02/05/2013 – 07/08/2013

ASCENDIANT CAPITAL MARKETS, LLC (CRD#:152912)
IRVINE, CA
01/24/2013 – 02/06/2013

CAPSTONE INVESTMENTS (CRD#:41400)
NEW YORK, NY
10/18/2011 – 01/09/2013

C. L. KING & ASSOCIATES, INC. (CRD#:6183)
NEW YORK, NY
10/04/2010 – 10/14/2011

HUDSON SECURITIES,INC. (CRD#:10467)
NEW YORK, NY
06/30/2008 – 09/01/2010

KNIGHT CAPITAL MARKETS, LLC. (CRD#:38379)
JERSEY CITY, NJ
08/24/2006 – 04/10/2008

KNIGHT EQUITY MARKETS, L.P. (CRD#:38599)
JERSEY CITY, NJ
07/19/2006 – 04/10/2008

HANLEY LAW

Hanley law represents individual investors nationwide with significant losses in their portfolios, retirement plans or investment accounts. The firm is dedicated to assisting investors to recover losses suffered by unsuitability, over-concentration, fraud, misrepresentation, self-dealing, unauthorized trades or other wrongful acts, whether intentional or negligent. The firm handles cases against the major Wall Street broker dealers, including Morgan Stanley.

Let Hanley Law work for you. Call (239)649-0050 or contact the firm through our Website to arrange a free confidential consultation with an attorney to discuss your experiences with your stock broker which resulted in investment losses.

HANLEY LAW INVESTIGATES THOMAS MEIER EX-MORGAN STANLEY BROKER MIAMI FLORIDA

According to the Financial Industry Regulatory Authority (“FINRA”) a Letter of Acceptance, Waiver and Consent (“AWC”) was issued in which Meier was barred from the industry. Meier consented to FINRA’s sanction and to FINRA’s findings that he effected approximately 1,290 unauthorized transactions, including both purchases and sales of equity securities, in eight accounts belonging to six customers. The findings stated that none of the eight accounts were discretionary accounts and Meier did not have discussions with the customers about the trades prior to the transactions and did not obtain the customers’ authorization prior to executing any of the transactions. FINRA found that Meier received approximately $265,000 in commissions for those transactions and that two of the customers realized losses of approximately $78,000.

FINRA’s findings also state that Meier exercised discretion in five accounts belonging to four separate customers. According to FINRA, none of the customers gave Meier written authorization to exercise discretion in their accounts, and the firm had not accepted any of the accounts as discretionary. FINRA’s findings also allege that Meier made inaccurate statements on annual compliance questionnaires that he did not have any accounts in which business was transacted on a discretionary basis. (FINRA Case #2016049628301)

In a Uniform Termination Notice for Securities Registration (“Form U5”) dated April 5, 2016, Morgan Stanley reported that Meier had resigned effective March 15, 2016 while “under internal review for potential issues involving his trade activity, including possible use of discretion.” Between April 5, 2016 and October, 2017, Morgan Stanley filed 21 amended Forms U5 for Meier disclosing 14 customer complaints, including two arbitration claims. To date, the Morgan Stanley has settled 13 of these claims and paid the customers a total of approximately $2.5 million.

Thomas Meier (CRD # 1146044) has been registered with the following firms:

Morgan Stanley
CRD # 149777
Miami, FL
06/01/2009 – 04/05/2016

Citigroup Global Markets, Inc.
CRD # 7059
Miami, FL
10/28/1992 – -6/01/2009

Prudential Securities Inc.
CRD# 7471
New York, NY
08/25/1989 – 11/03/1992

FSC Securities Corp.
CRD# 8323
06/21/1983 – 12/05/1989

Thomson McKinnon Securities, Inc.
CRD# 829
New York, NY
03/18/1989 – 08/25/1989

Amerifirst Securities Corp.
CRD#10711
12/10/1985 – 02/25/1989

Merrill Lynch, Pierce, Fenner & Smith, Inc.
CRD# 7691
04/18/1984 – 08/05/1985

HANLEY LAW

Hanley law represents individual investors nationwide with significant losses in their portfolios, retirement plans or investment accounts. The firm is dedicated to assisting investors to recover losses suffered by unsuitability, over-concentration, fraud, misrepresentation, self-dealing, unauthorized trades or other wrongful acts, whether intentional or negligent. The firm handles cases against the major Wall Street broker dealers, including Morgan Stanley.

Let Hanley Law work for you. Call (239)649-0050 or contact the firm through our Website to arrange a free confidential consultation with an attorney to discuss your experiences with your stock broker which resulted in investment losses.

Hanley Law Investigates Michael Ralby Ex-Morgan Stanley Broker Boca Raton Florida

According to the Financial Industry Regulatory Authority (“FINRA”) Michael Ralby has been barred from the industry for refusing to appear for an on-the-record interview in which testimony was requested in connection with an investigation by FINRA into whether Ralby had accepted loans from a customer. Morgan Stanley terminated Michael Ralby’s registration on January 11, 2018 according the FINRA Letter of Acceptance, Waiver and Consent (AWC 2017053976201).

Michael Ralby entered the securities industry in 1984 when he became registered as a General Securities Representative. Michael Ralby (CRD # 1301072) has been registered with the following firms:

Morgan Stanley
CRD # 149777
Boca Raton, FL
07/01/2013 – 01/11/2018

Oppenheimer & Co. Inc.
CRD # 249
Boca Raton, FL
03/20/2009 – 07/15/2013

Stanford Group Company
CRD# 39285
Boca Raton, FL
03/15/2005-03/16/2009

FSC Securities Corp.
CRD# 7461
Atlanta, GA
01/07/2002 – 04/06/2005

First Union Securities Financial Network, Inc.
CRD# 11025
St. Louis, MO
09/22/1998 – 12/31/2001

JWGenesis Securities, Inc.
CRD# 33832
Boca Raton
07/01/1999 – 01/02/2001

D.E. Frey & Co.
CRD# 23595
Denver, CO
09/28/1995 – 08/31/1998

Smith Barney Inc.
CRD# 7059
New York, NY
05/31/1990 – 10/06/1995

First Miami Securities, Inc.
CRD# 7793
Boca Raton, FL
12/19/1984 – 06/06/1990

HANLEY LAW

Hanley law represents individual investors nationwide with significant losses in their portfolios, retirement plans or investment accounts. The firm is dedicated to assisting investors to recover losses suffered by unsuitability, over-concentration, fraud, misrepresentation, self-dealing, unauthorized trades or other wrongful acts, whether intentional or negligent. The firm handles cases against the major Wall Street broker dealers, including Morgan Stanley.

Let Hanley Law work for you. Call (239)649-0050 or contact the firm through our Website to arrange a free confidential consultation with an attorney to discuss your experiences with your stock broker which resulted in investment losses.