Options for Clients of Former Morgan Stanley Broker Leif Olson
Posted on Monday, May 17th, 2021 at 4:30 pm
Were you the victim of former Morgan Stanley broker Leif Olson (CRD# 2277495)? Olson has been registered with Wells Fargo Clearing Services, LLC in Sarasota, Florida since 2020. Previously, Olson was registered with Morgan Stanley in Sarasota, Florida from 2010 to 2020.
Olson has been the subject of six customer complaints between 2004 and 2020, according to his CRD report. The most recent complaint is regarding:
December 2020. “Claimant alleges, inter alia, unsuitability with respect to investments – Jan, 2019 – Aug, 2020.” The customer is seeking $400,000 in damages and the case is currently pending. The complaint is regarding unit investment trusts (UITs).
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 Olson’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.