Suitability Concerns with Morgan Stanley Broker Roy Budd

Morgan Stanley

Morgan StanleyMorgan Stanley

Erez Law is currently investigating Morgan Stanley broker Roy Budd (CRD# 34635) regarding suitability concerns. He has been registered with Morgan Stanley in Little Falls, New Jersey since 2009.

Roy Budd Customer Complaints

Roy Budd has been the subject of two customer complaints between 2001 and 2021, according to his CRD report. The most recent complaint was regarding: 

November 2021. “Claimant alleges, inter alia, unsuitability with respect to concentrated investment in managed account – April, 2019.” The customer is seeking $100,000 in damages and the case is currently pending. The complaint was regarding 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 Roy Budd’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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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 below for a free consultation.

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