摩根士丹利Broker Michael Wagner Accused of Unsuitability

Atlanta Financial Advisor Accused of Using an Unsuitable Options Investment Strategy

迈克尔·约翰·瓦格纳（Michael John Wagner）是摩根士丹利（Morgan Stanley）的长期经纪人，目前在最近的客户纠纷之后受到审查，索赔人要求超过2000万美元的赔偿金。

Based out of Atlanta, Georgia, Wagner has worked in the industry for 20 years. He has been a Morgan Stanley broker since 2012. Before that, he was a Merrill Lynch stockbroker and investment advisor.

Ourbroker misconduct attorneys正在研究涉及摩根士丹利财务顾问迈克尔·瓦格纳（Michael Wagner）的其他主张。如果您是他的客户之一，他们遭受了巨大的投资损失，您想探索您的法律选择，请contact ustoday.

Wagner is Accused of Using Unsuitable Investment Strategy

There are three customer disputes noted forMichael Wagner in BrokerCheck, all of which were brought between November 2020 and November 2021. The claimants are accusing Wagner of using an options strategy that was either misrepresented and/or unsuitable.

尽管客户之一被拒绝，但另外两个仍在等待中：

2021年11月: While accusing Morgan Stanley registered representative Michael Wagner of employing anunsuitable options investment strategy，该客户要求$ 15,708,558.00。
2020年11月: Allegingmisrepresentations与期权策略相关，该客户正在寻求5,162,453.00美元的损害赔偿。

What is Morgan Stanley’s Responsibility if This Broker Engaged in Unsuitability?

It is a brokerage firm’s duty to properly supervise its registered representatives and their activities in customer accounts. When afailure to superviseenables broker negligence or misconduct, the broker-dealer can be held liable by the customers that suffered financial harm.

摩根士丹利has come under fire for its failure to properly supervise its brokers in the past. Not only has this resulted in significant investor losses, but also penalties by regulators. A couple of examples include:

August 2020: Morgan Stanley Wealth Advisors was ordered to pay over $949K. This included a $175K fine to the Financial Industry Regulatory Authority (FINRA) and more than $774K in restitution for theinadequate supervision of barred broker Kevin Gunnip. The former Texas financial advisor allegedly excessively traded in customers’ accounts, causing them to lose over $900K.
June 2018：美国证券交易委员bob200体育会（SEC）宣布，摩根史丹利·史密斯·巴尼（Morgan Stanley Smith Barney）同意支付360万美元的罚款。这是因为它据称未能检测并阻止经纪人不当行为。这包括前摩根士丹利财务顾问巴里·康奈尔（Barry F.康奈尔因投资者欺诈而在监狱服刑。

Seasoned Securities Fraud Lawyers Representing Investors Against Morgan Stanley

Broker-dealers will often have a legal team representing them against customer claims. This is why you need your own team of experienced securities fraud attorneys working for you and protecting your legal rights. SSEK Law Firm represents investors against Morgan Stanley and other broker-dealers. Call us at(800) 259-9010today.