upward sloping chart over dollars image

James Henry Duffy of Riverhead New York a stockbroker currently employed by Morgan Stanley is the subject of a customer initiated investment related arbitration claim which was resolved for $30,000.00 in damages supported by accusations that between March 2006 and July 2017, unsuitable investment recommendations were made about Puerto Rico municipal bonds sold to the customer during the period in which Duffy was associated with Morgan Stanley. Financial Industry Regulatory Authority (FINRA) Arbitration No. 18-02479 (Sept. 25, 2019).

FINRA Public Disclosure reveals that Duffy is identified in four more customer initiated investment related disputes containing allegations of his violative conduct while employed with First Albany Corporation and Morgan Stanley. In particular, Duffy is referenced in a customer initiated investment related complaint which was settled for $7,000.00 in damages founded on accusations that during the time that Duffy was associated with First Albany Corporation, he sold corporate debt investments which failed to be appropriate for the customer given the customer’s risk tolerance and objectives for investing.

Another customer filed an investment related complaint involving Duffy’s conduct in which the customer sought $30,000.00 in damages based upon allegations of Duffy’s failure to take into account the First Albany Corporation customer’s age and risk tolerance when recommending junk bonds. Also, Duffy is the subject of a customer initiated investment related complaint which was resolved for $8,000.00 in damages supported by accusations of unsuitable stock and bond trades being effected by the stockbroker when he was associated with Morgan Stanley.

On January 20, 2017, another customer filed an investment related complaint concerning Duffy’s activities where the customer requested $250,000.00 in damages founded on allegations that when Duffy was employed by Morgan Stanley, he executed inappropriate options and stock trades which caused the customer to experience unwarranted losses.

Duffy has been registered with Morgan Stanley since June 1, 2009.

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.

Questions or comments regarding the source or accuracy of any information, including any subsequent developments, should be directed to:  [email protected]

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, P.C.

Our practice is limited to the representation of investors. Over the last three decades, we have recovered more than a hundred million dollars for more than 1,000 injured investors from all over the United States and several foreign countries. We accept representation purely 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 confidential 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

Stockbroker Fraud. Securities Arbitration and Investment Fraud Lawyers.  
National Practice. Contingent Fee. Confidential Free Consultation.

 (877) SEC-ATTY

1700 Market Street, Suite 1005
Philadelphia, PA 19103
Direct: (215) 413-8223
Toll Free: (877) 732-2889

1260 South Soto Street, Suite 7
Los Angeles, California 90023
Direct: (213) 255-3475
Toll Free: (877) 732-2889

2750 NE 185th Street, Suite 302
Aventura, Florida 33180-2877
Direct: (786) 490-2413
Toll Free: (877) 732-2889

See Important Disclaimer

Tags: ,

No comments yet.

Leave a Reply

Name (required)

Email (will not be published) (required)