Morgan Stanley Accused Of Excessive Trading
Robert Charles Fairchild of Kerrville Texas a stockbroker currently employed by Morgan Stanley is referenced in a customer initiated investment related written complaint on September 9, 2019 in which the customer sought $50,000.00 in damages supported by accusations that (1) commissions were excessive and (2) trades were effected by the stockbroker on an excessive basis by Fairchild during the period in which he was associated with Morgan Stanley.
This is not the first time that Fairchild has been accused of the failure to execute follow instructions. Specifically, Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that a customer filed an investment related complaint concerning Fairchild’s conduct where the customer requested unspecified damages founded on allegations that when Fairchild was employed by Merrill Lynch, the customer’s instructions regarding stock transactions had been disregarded.
Fairchild has been registered with Morgan Stanley since June 1, 2009.