Erez Law is currently investigating Morgan Stanley broker Alfonso Rioseco (CRD# 5969776) regarding stock losses. He has been registered with Morgan Stanley in Houston, Texas, since 2019. Previously, he was registered with Actinver Wealth Management, Inc. in Houston, Texas, from 2016 to 2019.
Alfonso Rioseco Customer Complaints
He has been the subject of one customer complaint, according to his CRD report:
July 2022. “Client alleges that their instructions to liquidate their account in April 2022 were not followed. Damages unspecified.” The case is currently pending. The complaint was regarding common and preferred stocks and other self-directed fee-based accounts.
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 Alfonso Rioseco’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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