Erez Law is currently investigating Morgan Stanley broker Mark Payne (CRD# 6803556) regarding unsuitable options trading strategies. Mark Payne has been registered with Morgan Stanley in Roseville, California since 2017.
Mark Payne Customer Complaints
Mark Payne has been the subject of one customer complaint, according to his CRD report:
January 2022. “Client alleged FA made misrepresentations and unsuitable recommendations related to options trading strategy. 2018 to 2021.” The customer is seeking $15,531,642 in damages and the case is currently pending.
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 Payne’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.