Investors Accuse Morgan Stanley Of Unauthorized Trading

William Lief Collins (also known as Bill Collins) of Birmingham Michigan a stockbroker currently employed by Morgan Stanley is the subject of a customer initiated investment related written complaint which was resolved for $8,973.25 on November 22, 2016 founded on allegations that unauthorized trades were effected in the customer’s brokerage and variable annuity accounts while Collins was associated with Morgan Stanley Smith Barney.

FINRA Public Disclosure additionally confirms that on May 19, 2017, a customer filed an investment related complaint involving Collins’ activities in which the customer requested more than $5,000.00 in damages supported by accusations that while Collins was associated with Wells Fargo Advisors, inappropriate investment transactions had been placed in the customer’s account; trades were effected without the customer’s knowledge; and transactions were executed on an excessive basis.