Morgan Stanley broker Joshua Westerman (CRD# 6838471) is accused of selling away. He was registered with Morgan Stanley in Fort Lauderdale, Florida, from 2017 to 2023, when he was terminated regarding, “Advisor terminated following allegations he engaged in off platform, written communications with clients about Firm -related business (ie, texting) and activity related to a former client’s (his girlfriend’s) credit line and external brokerage account, as well as his handling of complaints related to those allegations and conduct during the review. 4/13/2023.”
Joshua Westerman Customer Complaints
He has been the subject of three customer complaints between 2022 and 2026, one of which was denied, according to his CRD report:
June 2026. “Claimant alleges, inter alia, that FA recommended outside investment security that was not approved by Morgan Stanley, resulting in losses — 2023.” The customer is seeking $3,000,000 in damages, and the case is currently pending. The complaint was regarding hedge fund losses.
April 2023. “Client’s attorney alleges, inter alia, that investments and strategy recommended by FA were unsuitable, 2021-2023.” The case was settled for $71,590. The complaint was regarding a non-broker-dealer affiliate product and 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 Joshua Westerman’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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