Morgan Stanley Accused Of Unauthorized Trading
Daniel Patrick Reilly of New York New York a stockbroker formerly employed by Morgan Stanley Smith Barney has been identified in a customer initiated investment related written complaint which was resolved on July 30, 2018 for $40,000.00 in damages founded on accusations that unauthorized equity transactions were executed in the customer’s account between January of 2016 and December of 2016 while Reilly was employed by Morgan Stanley.
This is not the first time that Reilly has been the subject of an investor dispute. Financial Industry Regulatory Authority (FINRA) Public Disclosure indicates that Reilly has been referenced in a customer initiated investment related written complaint which was settled on January 25, 2017 for $16,727.00 in damages supported by allegations of unauthorized trading of mutual funds in the customer’s account by Reilly during the period in which the stockbroker was associated with Merrill Lynch Pierce Fenner Smith Incorporated.
Reilly’s employment with Merrill Lynch was terminated on February 23, 2015. The stockbroker was registered with Morgan Stanley between February 20, 2015 and May 18, 2018 at which point he was discharged based upon accusations of unauthorized trading. The securities broker dealer indicated that trades were made by Reilly in the account of a decedent.
Since June 21, 2018, Reilly has been registered with Revere Securities LLC.