Investigation of Former Morgan Stanley Broker Mark Frommer

Morgan Stanley

Were you the victim of former Morgan Stanley broker Mark Frommer (CRD# 1553129) regarding unsuitable and unauthorized trades? He has been registered with Oppenheimer & Co. Inc. in Chicago, Illinois since 2019. Previously, he was registered with Morgan Stanley in Chicago, Illinois from 2010 to 2019.

Mark Frommer Customer Complaints

He has been the subject of six customer complaints between 1995 and 2021, three of which were denied, according to his CRD report. The most recent complaints are regarding: 

December 2021. “Client alleges, inter alia, that there were unauthorized trades made in their account.” The customer is seeking $700,000 in damages and the case is currently pending. The complaint took place while he was registered with Morgan Stanley.

April 2021. “Claimant alleges, inter alia, unsuitability with respect to investments and liquidity access line – 2013 through 2016.” The case is currently pending. The complaint was regarding direct investments, unit investment trust (UITs), and non-broker dealer affiliate products. 

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 Mark Frommer’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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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.