Have you lost money with financial advisor Michael Wagner, of Morgan Stanley in Atlanta, Georgia? We are looking into allegations made against Michael Wagner, who has been the subject of three customer complaints, all of which were filed since November 2020. The customers alleged that Wagner recommended an unsuitable options strategy. The complaints allege a combined $20 million in losses in options trading.
Michael Wagner has been a registered representative of Morgan Stanley from March 2012 to the present. He has worked at branch offices in Atlanta, Georgia.
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 investors in Georgia. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including against Morgan Stanley.
If you lost money with Michael Wagner or Morgan Stanley, contact the law firm of ISRAELS & NEUMAN at (720) 599-3505 or (206) 795-5798 for a Free evaluation of your case.