There are options for clients of Morgan Stanley broker Jeff Wiley (CRD# 2515536) who suffered investment losses. He has been registered with Morgan Stanley in Bakersfield, California, from 2009 to 2022.
Jeff Wiley Customer Complaints
He has been the subject of four customer complaints between 2022 and 2023, according to his CRD report:
March 2023. “Client verbally alleged that he did not give authorization to purchase the securities in the account. the matter was settled for $35,000.00- April 2021-June 2021. The case was settled for $35,000. The complaint was regarding equity OTC.
March 2023. “Client verbally alleged that he did not give authorization to purchase the securities in the account. The matter was settled for $125,000.00. – July 2021-April 2022.” The case was settled for $125,000. The complaint was regarding exchange traded funds (ETFs).
March 2023. “Client verbally complained that the investments made in her account were unauthorized. – December 2000 – April 2022.” The case was settled for $28,000. The complaint was regarding ETFs. The complaint was regarding a non-broker-dealer affiliate product and margins.
August 2022. “Client alleges that FA Jeff Wiley, who was their son, used their assets as collateral for loans that benefited him and his trust without their consent during the period from 2007-2022.” The customer sought $6,056,603.26 in damages, and the case was settled for $2,100,000.
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 Jeff Wiley’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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