Morgan Stanley Broker David Letnertz Accused of Unsuitable Investment Recommendations

Morgan Stanley

Erez Law is currently investigating Morgan Stanley broker David Letnertz (CRD# 2287146) regarding unsuitable investment recommendations. He has been registered with Morgan Stanley in Newport Beach, California since 2009. 

David Letnertz Customer Complaints

He has been the subject of two customer complaints between 1996 and 2021, according to his CRD report. The most recent complaint is regarding: 

December 2021. “Claimant alleges, inter alia, unsuitability with regards to managed account – April, 2015 to November, 2021.” The customer is seeking $5 million in damages and the case is currently pending. The complaint was regarding managed and wrap 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 David Letnertz’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.