There are options for clients of former First Republic Securities Company, LLC broker Stephen Marotto (CRD# 5473140) who is accused of unsuitable investment recommendations. He has been registered with Morgan Stanley in San Francisco, California, since 2023. He was registered with First Republic Investment Management, Inc. in San Francisco, California, from 2014 to 2023, and First Republic Securities Company, LLC in San Francisco, California, from 2013 to 2023.
Stephen Marotto Customer Complaints
He has been the subject of three customer complaints between 2018 and 2025, one of which was denied, according to his CRD report:
February 2025. “Customers allege misrepresentation and unsuitable investment recommendation. Activity dates August 2021-May 2024.” The customer is seeking $200,000 in damages, and the case is currently pending. The complaint was regarding a limited partnership, and it took place while he was registered with First Republic Securities Company, LLC.
December 2024. “Customers alleges misrepresentation, unauthorized trading and suitability. activity dates 1-1-2019 – 6-9-2023.” The customer sought $550,000 in damages, and the case was settled for $125,000. The complaint was regarding a managed account, and it took place while he was registered with First Republic Securities Company, LLC.
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, First Republic Securities Company, LLC may be liable for investment or other losses suffered by Stephen Marotto’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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