Were you the victim of Morgan Stanley broker John Alex (CRD# 2020710), who is accused of options losses? He has been registered with Morgan Stanley in Morristown, New Jersey, since 2011.
John Alex Customer Complaints
He has been the subject of four customer complaints between 2010 and 2024, according to his CRD report. The most recent complaint was regarding:
November 2024. “Client’s attorney alleged that covered call option strategy was unsuitable for her since the underlying stock continued to increase in value during the time the strategy was in place.” The customer sought $1,625,000 in damages, and the case was settled for $425,000. The complaint was regarding options losses, and it 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 John Alex’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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