Brian Michael Weinstein of Lawrenceville New Jersey a stockbroker formerly registered with Morgan Stanley has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he converted funds and furnished false documentation to Morgan Stanley. Letter of Acceptance Waiver and Consent No. 20140438633-01 (Nov. 29, 2016).

FINRA Public Disclosure confirms that Weinstein has been identified in five customer initiated investment related disputes that pertain to accusations of his misconduct while employed with Wachovia Securities LLC, Morgan Stanley, RBC Capital Markets, LLC and Prudential Securities Inc. Particularly, on March 20, 2007, a customer filed an investment related written complaint involving Weinstein’s conduct where the customer requested $24,000.00 in damages founded on accusations that the customer’s assets were not allocated in a manner which was suitable for the customer in consideration of the customer’s age and tolerance for risk.

Then, on June 12, 2008, a customer filed an investment related written complaint regarding Weinstein’s activities in which the customer sought more than $5,000.00 in damages supported by allegations that the customers’ investment allocations were modified without the customers having been notified about the consequences of a reallocation including tax liabilities and a modified fee structure relating to the customers’ wrap accounts.

Subsequently, a customer initiated investment related arbitration claim pertaining to Weinstein’s activities was resolved for $56,500.00 in damages based upon accusations that Weinstein effected exchange traded funds trades in the customer’s account on an excessive basis, effected trades without procuring the customer’s consent, and made unsuitable investment recommendations to the customer concerning exchange traded funds, options and equipment leasing products. FINRA Arbitration No. 14-01047 (Feb. 18, 2015).

Weinstein’s registration with Morgan Stanley Smith Barney was terminated on November 20, 2014. He was later associated with Sterne Agee Financial Services but terminated for cause on November 29, 2016.

The information contained herein has been obtained from reliable sources however may not be accurate and is not guaranteed by us. Readers are encouraged to undertake their own independent investigation and evaluation of the relevant facts. All claims and allegations are subject to adjudication, decisions may be subject to appeal, and no inference is intended, nor should any inference be made from any information contained herein from any source.

This posting and the information on our website is for general information purposes only. This content should be not considered legal advice, and any responses, comments, e-mails, other communications do not form any attorney client relationship. Attorney Advertisement. See Important Disclaimer

Guiliano Law Group

Our practice is limited to the representation of investors. We accept representation on a contingent fee basis, meaning there is no cost to you unless we make a recovery for you. There is never any charge for a consultation or an evaluation of your claim. For more information, contact us at (877) SEC-ATTY.

For more information concerning common claims against stockbrokers and investment professionals, please visit us at stockbrokerfraud.com

To learn more about FINRA Securities Arbitration, and the legal process, please visit us at securitiesarbitrations.com

Tags: ,

No comments yet.

Leave a Reply

Name (required)

Email (will not be published) (required)

Website