Losses With CHRISTOPHER REID of Morgan Stanley? – Marlton, NJ
Christopher Reid, previously with Morgan Stanley, Suspended 4 Months by FINRA
Have you lost money with financial advisor Christopher Reid? We are looking into allegations made about Christopher A. Reid from Marlton, New Jersey. FINRA (the Financial Industry Regulatory Authority) suspended Reid from the securities industry for 4 months and fined him $5,000. FINRA was investigating Reid after he allegedly did not disclose private securities transactions to his former brokerage firm, Morgan Stanley. Reid has been alleged to have opened an account with another individual at another brokerage firm and lost $90,000 in the account trading options and equities.
Christopher Reid was a financial advisor and registered representative of Morgan Stanley from 2011 to September 2018. He worked in a branch office in Marlton, New Jersey. Reid was also terminated by Morgan Stanley.
Brokerage firms like Morgan Stanley have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.
Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado; Seattle, Washington; Phoenix, Arizona; and Ann Arbor, Michigan. We represent investors in FINRA arbitration proceedings in all 50 states, including New Jersey. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including against Morgan Stanley.
IF YOU LOST MONEY WITH CHRISTOPHER REID, OR MORGAN STANLEY, PLEASE CONTACT US AT 720-599-3505 FOR A FREE EVALUATION OF YOUR CASE.
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