Unsuitable Investments Options Due to Recommendations by Morgan Stanley Broker Martin Speyer
Posted on Monday, March 15th, 2021 at 10:22 pm
Erez Law is currently investigating Morgan Stanley broker Martin Speyer (CRD# 432002) regarding unsuitable investment options. Speyer has been registered with Morgan Stanley in Beverly Hills, California since 2009.
Speyer has been the subject of nine customer complaints between 1989 and 2019, one of which was denied and one was closed without action, according to his CRD report. Recent complaints are regarding:
August 2019. “Claimant alleges, inter alia, unsuitability with respect to investments – Aug, 2007- Aug, 2013.” The customer is seeking $750,000 in damages and the case is currently pending. The complaint was regarding options.
January 2019. “Claimant alleges inter alia, unsuitability with respect to investments – August 2014 – October 2018. The complaint was settled for $13,500. The complaint was regarding common and preferred stocks and options.
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 Speyer’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.