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DID DAVID WAYNE KRAFT CAUSE YOU INVESTMENT LOSSES?

David Kraft Formerly With Morgan Stanley Has 5 Customer Complaints For Alleged Broker Misconduct

Who is David Kraft formerly with Morgan Stanley?

David Kraft (CRD #2356400) who was formerly registered with Morgan Stanley and located in Palm Beach Gardens, Florida was the subject of a FINRA investigation and permanently barred from any further association with a FINRA member firm. He is also the subject of one of our many securities industry sales practice abuse investigations.

David Kraft Customer Complaints

David Kraft has been the subject of 5 customer complaints that we know about, 2 of those complaints were filed in the last year to recover investment losses. One of David Kraft’s 5 customer complaints was settled in favor of investors. Four of David Kraft’s customer complaints were denied and, to date, the customers have not taken any further action.

Allegations Against David Kraft

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

  • Misrepresentation with respect to mutual fund investments in account
  • Removal of funds from accounts without authorization
  • Unsuitable investment recommendations and unauthorized trading related to closed-end funds
  • Unsuitable investment recommendation of mutual funds

David Kraft Red Flags & Your Rights As An Investor

Of course, David Kraft 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 David Kraft at Morgan Stanley on alert to review carefully the activity and performance of their accounts and question whether David Kraft 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 David Kraft

If you have questions about Morgan Stanley and/or David Kraft 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.

Author Photo

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 $160 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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