Can I Recover Losses from Morgan Stanley Financial Advisor Barry Garapedian?
Posted on Saturday, June 23rd, 2018 at 9:53 am
Did you lose money investing with Morgan Stanley financial advisor Barry Garapedian (CRD# 1039257)? Garapedian has been registered with Morgan Stanley in Westlake Village, California since 2009.
Garapedian has been the subject of 14 customer complaints between 1992 and 2018, four of which were denied and one was closed without action, according to his CRD report. Recent customer complaints include:
April 2018. “Customer alleges that his account had excessive fees, investments were unsuitable, and investments were overconcentrated.” The customer is seeking $713,000 in damages and the case is currently pending.
March 2018. “Claimant alleged, inter alia, unsuitable recommendations with respect to investments – 2013 to 201.” 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 Garapedian’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If and 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.