Robert David Frank, of Madison, Wisconsin, a stockbroker registered with Morgan Stanley, has been named in a customer initiated investment related arbitration claim that settled for $7,000.00 in damages resting on allegations that between March 1, 2012 and December 31, 2015, Frank effected unsuitable municipal bond and equity transactions in the customer’s investment account. Financial Industry Regulatory Authority (FINRA) Arbitration No. 16-03005 (Oct. 11, 2017).

FINRA Public Disclosure reveals that Frank is the subject of three additional customer initiated investment related disputes containing allegations of Frank’s wrongdoing while registered with Morgan Stanley. Particularly, a customer initiated investment related arbitration claim involving Frank’s conduct was settled for $49,000.00 in damages supported by allegations that Frank, as the firm’s branch manager, failed to supervise a financial advisor that effected unauthorized corporate bond transactions in the customer’s account. National Association of Securities Dealers (NASD) Arbitration No. 06-04580 (Feb. 14, 2007).

Then, a customer filed an investment related written complaint regarding Frank’s activities, in which the customer requested $225,000.00 in damages based upon allegations of failure to supervise the customer’s exchange traded funds and over-the-counter equities transactions. FINRA Arbitration No. 15-03467 (Feb. 19, 2016). Further, a customer lodged a complaint concerning Frank’s conduct, alleging that between 2013 and 2015, stock transactions effected by the customer’s financial advisor were not supervised. FINRA Arbitration No. 16-03115 (Oct. 26, 2016).

Guiliano Law Firm

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