How Investors Can Sue Former Morgan Stanley Financial Advisor Keith Kordich
Posted on Monday, April 1st, 2019 at 2:32 pm
There are options for customers of former Morgan Stanley financial advisor Keith Kordich (CRD# 2743797). Kordich has been registered with Ameriprise Financial Services, Inc. in Boca Raton, Florida since January 2019. Previously, Kordich was registered with Morgan Stanley from 2011 to 2019.
Kordich has been the subject of six customer complaints between 2000 and 2019, three of which were denied, according to his CRD report. The three complaints are regarding:
February 2019. “Claimants allege, inter alia, unsuitability with respect to investments – 2012-2015.” The customer is seeking $300,000 in damages and the case is currently pending. This case was regarding common and preferred stocks.
April 2013. “Claimants allege, inter alia, that from may 2011 to september 2012 the fa traded excessively in the client’s accounts.” The customer sought $150,000 in damages and the case was settled for $43,000. This case was regarding common and preferred stocks.
January 2001. “Customer alleges misrepresentation, breach of fiduciary duty and breach of contract.” The customer sought $40,000 in damages and the case was settled for $5,000. This case is regarding equity OTC.
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 Kordich’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.