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How Investors Can Sue Former Morgan Stanley Financial Advisor Kirk J. Gill for Investment Losses

Posted on Monday, April 17th, 2017 at 12:40 pm    

Erez Law is currently investigating former Morgan Stanley financial advisor Kirk J. Gill (CRD# 2291503) regarding unsuitable and overconcentrated investments. Gill was registered with Morgan Stanley in Tucson, Arizona from 2009 to 2016. Gill is currently registered with First Financial Equity Corporation in Tucson, Arizona since 2016.

Gill has been the subject of 12 customer complaints between 2002 and 2017, according to his CRD report:

March 2017. “Claimants allege, inter alia, unsuitability with respect to investments in accounts – 2010-2016.” The customer is seeking $500,000 in damages and the case is currently pending.

September 2017. “Client alleges unsuitability, inter alia, with respect to investments – Aug 2011-Dec 2014. Damages Unspecified.” The case was denied.

August 2016. “Claimants allege, inter alia, that from August 2011 to November 2015 the FA made unsuitable recommendations in the client’s account.” The customer is seeking $500,000 in damages and the case is currently pending.

July 2016. “Claimants alleged, inter alia, unsuitability with respect to investments in accounts – 2014-2015.” The case is currently pending.

July 2016. “Claimant alleged, inter alia, unsuitability with respect to investments in accounts – 2014-2015.” The case is currently pending.

June 2016. “Claimant alleges, inter alia, that from 2010 to March 2016 the FA unsuitably over-concentrated her investments in high risk equities.” The case is currently pending.

July 2015. “Claimant alleges, inter alia, that from 2007 to november 2014 the FA made unsuitable recommendations in the client’s account.” The client sought $300,000 in damages and the case was settled for $80,000.

January 2014. “Client alleged that the investments purchased in their managed account did not meet their stated investment objectives. 2012. Damages unspecified.” The case was denied.

December 2013. “Client alleges FA did not advise him that the stocks he was recommending were volatile and high risk investments – March 2013 – December 2013.” The client sought $100,000 in damages but the case was denied.

August 2012. “Claimant alleges, inter alia, that in 2011 the financial advisor made unsuitable investments in his accounts.” The client sought $85,000 in damages and the case was settled for $10,000.

November 2002. “Alleged unsuitable and unauthorized investments, breach of contract and breach of fiduciary duty btwn. 3/01-9/02.” The client sought $500,000 in damages and the case was settled for $30,000.

July 2002. “Client alleged misrepresentation, breach of fiduciary duty, and that the investments purchased in his account were unsuitable. Alleged damages unspecified. 2001-2002.” The case was denied.

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 and First Financial Equity Corporation may be liable for investment or other losses suffered by Kirk J. Gill’s customers.

Erez Law represents investors in the United States for claims against former Morgan Stanley financial advisor Kirk J. Gill, who is alleged to make unsuitable and overconcentrated investment recommendations. If you were a client of former Morgan Stanley financial advisor Kirk J. Gill or another firm, 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.