John Jeffrey Clay of Washington District of Columbia a stockbroker formerly registered with Morgan Stanley Smith Barney is referenced in a customer initiated investment related written complaint on January 25, 2017 in which the customer sought unspecified damages based upon allegations that the customer was inappropriately sold a variable annuity investment in July of 2016.

Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Clay has been identified in two additional customer initiated investment related disputes containing accusations of his misconduct. In particular, on February 23, 2005, a customer filed an investment related complaint concerning Clay’s conduct where the customer requested unspecified damages supported by allegations that while Clay was associated with Merrill Lynch Pierce Fenner Smith Inc., he effected unauthorized over-the-counter equities trades in the customer’s account.

Thereafter, a customer initiated investment related arbitration claim regarding Clay’s activities was settled for $7,500.00 in damages founded on accusations that while associated with Merrill Lynch, Clay misrepresented information regarding the municipal debt investments that were purchased in the customer’s investment portfolio, and failed to follow the customer’s investment instructions. FINRA Arbitration No. 09-00884 (December 17, 2009).

Clay has been employed by 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

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

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

 (877) SEC-ATTY

Tags: ,

No comments yet.

Leave a Reply

Name (required)

Email (will not be published) (required)


%d bloggers like this: