Hanley Law Investigating Claims Involving Anthony Fisher and Morgan Stanley & Co. Inc.

Hanley Law is currently investigating claims against Anthony Fisher (CRD No.: 2428633) and Morgan Stanley & Co. Incorporated (CRD No. 8209). The Hanley Law recently filed FINRA Arbitration claims on behalf of Claimants in which it was alleged that Anthony Fisher made unsuitable and fraudulent recommendations to purchase the Tube Media Corp. and Cardiac Network, Inc. Claimants allege that Anthony Fisher never explained the dangers of the penny stocks. Moreover, Claimants alleged that Anthony Fisher knew or should have known that these stocks were extremely risky investments and penny stock frauds. Further, the Securities and Exchange Commission mandates penny stock disclosures be provided to Claimants. Claimants alleged that Morgan Stanley did not provide the proper disclosures and are thus liable for their material omission. Due to Morgan Stanley’s misconduct, Claimants allege they have suffered out-of-pocket losses for which they seek a recovery.
In the recently filed arbitration claims, the Claimants alleged that Morgan Stanley & Co. Inc. through its registered representative Anthony Fisher, violated industry rules, including but not limited to, FINRA’s customer suitability standard (Rule 2310) as well as FINRA rules 3010 and 2110 and that Morgan Stanley violated their duty of care and were negligent. Furthermore, it has been alleged that Morgan Stanley breached the contract that was entered into between Claimants and Morgan Stanley and Morgan Stanley also breached the fiduciary duty that a securities firm and its employees/agents owe to their clients. Lastly, it has been alleged that Morgan Stanley’s misconduct constitutes common law fraud and that the Claimants’ accounts at issue were handled negligently and Morgan Stanley & Co. Inc. was negligent in their hiring, retention, and supervision of their employees.
If you were a client of Anthony Fisher or Morgan Stanley & Co. Inc. and have suffered investment losses, please contact the Hanley Law to explore your legal rights. The Hanley Law is dedicated to helping investors who have been victims of securities fraud. If you have lost money as a result of securities fraud, you may be able to recover your financial losses. Contact us today toll free at (239) 649-0050 for a free initial consultation.