Erez Law is currently investigating former Morgan Stanley broker Bruce Davis (CRD# 1183438) regarding investment fraud. He has been registered with Wells Fargo Clearing Services, LLC in Aventura, Florida since 2019. Previously, he was registered with Morgan Stanley in Aventura, Florida from 2009 to 2019.
Bruce Davis Customer Complaints
Bruce Davis has been the subject of two customer complaints between 1998 and 2021, one of which was denied, according to his CRD report:
October 2021. “The FA has been named as a defendant in a litigation which alleges he assisted his mother (who had a power of attorney over her husband’s accounts) in defrauding and misappropriating funds from the accounts – 2015 to 2019.” The case is currently pending. The complaint 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 Bruce Davis’ 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.