Were you the victim of former Morgan Stanley broker Fan Feng (CRD# 6769095) who is alleged to engage in investment fraud leading to stock losses. He was registered with Morgan Stanley in Irvine, California from 2017 to 2021.
Fan Feng Customer Complaints
He has been the subject of one customer complaint, according to his CRD report:
March 2022. “The customer alleged, inter alia, Mr. Feng failed to follow instructions with respect to her investments from 2021 to 2022. The complaint was made on 3/9/2022 and the status is still pending.” The customer is seeking $487,000 in damages and the case is currently pending. The complaint was regarding common and preferred stocks.
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 Fan Feng’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.