Stoltmann Law Offices is investigating Steven Wyatt, a former broker with Morgan Stanley in Ridgeland, Mississippi. Former clients of Mr. Wyatt claim that he lost half of their money, or approximately $10 million. Wyatt was fired from Morgan Stanley in 2012, and he and his immediate supervisor were barred from the securities industry for life. To date, Morgan Stanley has paid out about $3 million to former clients of Mr. Wyatt’s. Allegedly, Wyatt had used a personal email address to encourage his clients to buy investments he held in private accounts. This is against securities rules and regulations.
According to his online Financial Industry Regulatory Authority (FINRA) BrokerCheck report, Mr. Wyatt was previously registered with Citigroup Global Markets in Jackson, Mississippi from September 1994 until December 2007, and Morgan Stanley in Ridgeland, Mississippi from December 2007 until July 2012. He has 10 customer disputes against him, one of which is currently pending. He is not licensed within the industry. Please call our securities law firm today to speak to an attorney about your options of bringing a claim against Morgan Stanley for Steven Wyatt losses. We may be able to help you recover your investment losses in the FINRA arbitration forum on a contingency fee basis. The call is free with no obligation.