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Morgan Stanley Financial Advisor Richard Less Jr. Has $2 Million Plus Customer Complaint

Posted on Thursday, May 17th, 2018 at 7:02 am    

Were you the victim of Morgan Stanley financial advisor Richard Less Jr. (CRD# 1964991)? Less has been registered with Morgan Stanley in Paramus, New Jersey since 2009.

Less has been the subject of one customer complaint, according to his CRD report:

December 2017. “Claimants alleged failure to supervise with respect to Financial Advisor’s management of accounts – 2009 to 2014.” The customer is seeking $2,193,015 in damages and the case is currently pending.

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 Less’ 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.