Stoltmann Law Offices is investigating Matthew Kelley, a former registered representative with Morgan Stanley. According to his Financial Industry Regulatory Authority (FINRA) BrokerCheck report, Kelley allegedly participated in “selling away” activities. Selling away is when a broker recommends or sells a security that is not held or offered by his brokerage firm. It is a tactic used to garner large commissions for the broker himself and is against securities rules and regulations. Kelley allegedly sold outside business activities such as Deaternomy LLC, a home based business in the entertainment industry and ABK Enterprises, a family real estate business.
Matthew Kelley was registered with Wachovia Securities in St. Louis, Missouri from November 1999 until February 2004, Banc of America Investment Services in Naples, Florida from February 2004 until October 2009, Merrill Lynch in Naples from October 2009 until June 2013 and Morgan Stanley in Naples from May 2013 until December 2014. He has one customer dispute against him. He is not licensed and has been permanently barred from the industry by FINRA.
If you lost money with Matthew Kelley, please call our securities law offices in Chicago, Illinois for a free consultation with an attorney. We may be able to help you bring a claim against his former firm, Morgan Stanley, for investment losses. We take cases on a contingency fee basis only. There is no obligation. Please call soon as time is of the essence.