The Financial Industry Regulatory Authority (FINRA) has barred former Morgan Stanley broker Matthew Singer for failing to appear at a hearing in connection with a FINRA investigation. He was being investigated regarding whether he and others made unsuitable options recommendations to customers. Morgan Stanley filed a Form U5 termination notice listing the reason for his termination as “concerns regarding his conduct in a client arbitration matter.” These are against securities laws and internal firm rules. Singer was previously registered with Knight Equity Markets, Knight Capital Markets, Hudson Securities, C.L. King & Associates, Capstone Investments, Ascendiant Capital Markets, FBN Securities, and Morgan Stanley in Aventura, Florida from July 2013 until March 2016. He has three customer disputes against him, alleging unsuitable investments, unsuitable options trading strategies, and misrepresentation and unauthorized trading. He is not currently registered as a broker, according to his online, FINRA BrokerCheck report.
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