Did you lose money investing with former Morgan Stanley broker David Janny (CRD# 1272727) regarding unsuitable investment recommendations in customer accounts? He has been registered with Morgan Stanley in Westport, Connecticut, since 2012. He has been registered with Ameriprise Financial Services, LLC in Westport, Connecticut, since 2022. He was registered with Morgan Stanley in Westport, Connecticut, from 2012 to 2022.
David Janny Customer Complaints
He has been the subject of eight customer complaints between 2008 and 2024, three of which were denied, according to his CRD report:
October 2024. “During the period July 2022-October 2023, claimants allege respondent recommended unsuitable investments including stocks in speculative precious metals and the energy sector.” The customer is seeking $500,000 in damages. The complaint was regarding common and preferred stocks, and it took place while he was registered with Ameriprise Financial Services, LLC.
February 2024. “Client alleges that there were option trades done in his account that he did not authorize 2021.” The customer is seeking $500,000 in damages.
November 2023. “Claimants allege, inter alia, Excessive trading with respect to investments – Nov 2012 through July 2022.” The customer is seeking $5,000,000 in damages. The complaint was regarding a managed account with an in-house money manager, and it took place while he was registered with Morgan Stanley.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Morgan Stanley may be liable for investment or other losses suffered by David Janny’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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