Unsuitable Investment Recommendations with Morgan Stanley Broker Evan Savarick

Morgan Stanley
Morgan Stanley

Can I recover losses from unsuitable investments with Morgan Stanley broker Evan Savarick (CRD# 5153903)? He has been registered with Morgan Stanley in Plantation, Florida since 2013. 

Evan Savarick Customer Complaints

He has been the subject of two customer complaints between 2020 and 2022, according to his CRD report:

April 2022. “Client alleges option trading in Netflix in unsuitable 2022 damages unspecified.” The case is currently pending. 

October 2022. “Claimant alleges, inter alia, Failure to Follow Instructions with respect to managed accounts?” Aug 2019 to Oct 2020.” The customer is seeking $140,000 in damages and the case is currently pending. The complaint was regarding common and preferred stocks and managed and wrap accounts with an in-house money manager. 

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 Evan Savarick’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.

"*" indicates required fields

Please do not include any confidential or sensitive information in this form. Submitting this form does not create an attorney-client relationship.

Author: Jeffrey Erez

The founder of Erez Law, Jeffrey Erez, focuses exclusively on securities arbitration and litigation. Mr. Erez passionately believes in representing aggrieved investors and obtaining justice for his clients through litigation.