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Daniel Smith Of Morgan Stanley Has 3 Customer Complaints For Alleged Broker Misconduct

Who is Daniel Smith of Morgan Stanley?

Daniel Smith (CRD #3053940) who is currently registered with Morgan Stanley and located in Sarasota, Florida is a subject of one of our many securities industry sales practice abuse investigations.

Daniel Smith Customer Complaints

Daniel Smith has been the subject of 3 customer complaints that we know about, one of those complaints was filed in the last year to recover investment losses. One of Daniel Smith’s 3 customer complaints was settled in favor of investors. One of Daniel Smith’s customers’ complaints was denied and, to date, the customer has not taken any further action. There is currently one pending customer complaint filed against Morgan Stanley for investment losses caused by Daniel Smith’s alleged misconduct.

Allegations Against Daniel Smith

A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:

  • Claimant alleged, inter alia, Daniel Smith’s unsuitable investment recommendations with respect to alternate investments.
  • Client alleged that “high risk funds were something that I could not, and would not accept.” She went on to allege that her “entire account has been invested in very high risk, speculative funds” by Daniel Smith.
  • Claimant alleged that Daniel Smith assured him that his investment in Lehman Brothers Structured Notes would be safe and secure, and further alleged that the Lehman Brothers Structured Notes he purchased were misrepresented and unsuitable, and that the risk of loss of principal was not properly disclosed to him.

Daniel Smith Red Flags & Your Rights As An Investor

Of course, Daniel Smith did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Daniel Smith at Morgan Stanley on alert to review carefully the activity and performance of their accounts and question whether Daniel Smith has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Morgan Stanley also raises questions about the brokerage firms’ supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.

File A Claim To Recover Your Investment Losses At Morgan Stanley Due To Daniel Smith

If you have questions about Morgan Stanley and/or Daniel Smith and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.

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Robert Wayne Pearce

Robert Wayne Pearce of The Law Offices of Robert Wayne Pearce, P.A. has been a trial attorney for more than 40 years and has helped recover over $170 million dollars for his clients. During that time, he developed a well-respected and highly accomplished legal career representing investors and brokers in disputes with one another and the government and industry regulators. To speak with Attorney Pearce, call (800) 732-2889 or Contact Us online for a FREE INITIAL CONSULTATION with Attorney Pearce about your case.

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