fbpixel
888-840-1571

National Investment Fraud Lawyers

¿Perdió en bonos y fondos de Puerto Rico?

How Investors Can Sue Former Morgan Stanley Broker Kirk Gill for Investment Losses

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

Morgan Stanley logo

Erez Law is currently investigating former Morgan Stanley broker Kirk J. Gill (CRD# 2291503) regarding unsuitable and overconcentrated investments. Gill was registered with First Financial Equity Corporation in Tucson, Arizona from 2016 to 2018, when he was terminated regarding, “Failure to agree to stipulations in updated heightened supervision plan.” Gill was previously registered with Taylor Capital Management Inc. in Tucson, Arizona from 2018 to 2019. Previously, 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 17 customer complaints between 2002 and 2020, three of which were denied, according to his CRD report. Recent complaints are regarding: 

September 2020. “Clients’ attorney alleged unsuitability with respect to energy security investments – December 2013 through March 2016.” The customer is seeking $238,316 in damages. The case took place while Gill was registered with Morgan Stanley and was regarding common and preferred stocks. 

March 2019. “Claimants allege, inter alia, unsuitability with respect to investments – Dec 2013 – Mar 2016.” The customer sought $500,000 in damages and the case was settled for $130,000. The case took place while Gill was registered with Morgan Stanley and was regarding common and preferred stocks. 

January 2019. “Claimants allege, inter alia, unsuitability with respect to energy stocks – 2011 to 2016.” The case was settled for $14,999. The case took place while Gill was registered with Morgan Stanley and was regarding common and preferred stocks. 

May 2018.Client verbally complained about an over concentration in oil stocks. January 2014 to January, 2018.” The case was settled for $38,265.71. The case took place while Gill was registered with Morgan Stanley and was regarding common and preferred stocks. 

March 2018.Claimant alleged, inter alia, unsuitability of investments- 2009 to 2016.” The customer sought $901,369.78 in damages and the case was settled for $185,000. The case took place while Gill was registered with Morgan Stanley and was regarding common and preferred stocks, corporate debt, and direct investments. 

August 2017. “Claimants alleged, inter alia, unsuitability with respect to investments 2013-2016.” The customer sought $2 million in damages and the case was settled for $275,000. The case took place while Gill was registered with Morgan Stanley and was regarding common and preferred stocks. 

March 2017. “Claimants allege, inter alia, unsuitability with respect to investments in accounts – 2010-2016.” The customer sought $500,000 in damages and the case was settled for $150,000. The case took place while Gill was registered with Morgan Stanley and was regarding common and preferred stocks. 

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 sought $500,000 in damages and the case was settled for $195,000. The case took place while Gill was registered with Morgan Stanley and was regarding common and preferred stocks. 

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 Gill’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.