According to a recent Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA), Daniel John Myers, a Morgan Stanley broker, was fined $10,000 and suspended from association with any FINRA member in any and all capacities for one year. Myers was accused of executing 26 unauthorized transactions in the account of a customer between January 2013 and March 2013. After the customer allegedly complained about the transactions, Myers settled the complaint away from the firm. From November 2012 until April 2013, Myers used an unapproved personal email account to conduct securities business, which is against securities rules and regulations.
Myers was registered with UBS Financial Services in New Haven, Connecticut fro November 2006 until March 2008, Morgan Stanley in New Haven from March 2008 until September 2014 and Wells Fargo Advisors in New Haven from September 2014 until August 2016. He has one customer dispute against him and one criminal disposition. He is not licensed within the industry.
Firms such as Morgan Stanley can be sued in the FINRA arbitration forum on a contingency fee basis to recover investment losses for individuals. We sue firms such as Morgan Stanley for failing to properly supervise their representatives. Please call our securities law firm in Chicago at 312-332-4200 to speak to an attorney about your options. The call to us is free with no obligation. Please call today as there is a statute of limitations on these sorts of cases.