The FINRA records of Anthony J. Verzi , a stockbroker who formerly was employed by Morgan Stanley disclose a final regulatory event and a pending customer dispute, both of which relate to the sale of Unit Investment Trusts (UITs).
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
In 12/2016 a Morgan Stanley customer filed a complaint seeking unspecified damages alleging that their investments in unit investment trusts (UITs) were recommended to them in order to generate commissions.
In October 2016 FINRA commenced an investigation into Verzi’s potential unsuitable trading of UITs in customer accounts. Verzi refused to appear for on the record testimony in that investigation and in June 2017 consented to a bar from associating with any FINRA member in any capacity.
Verzi was employed by Morgan Stanley from 1983 until 8/2016.
If you have losses in an account handled by Anthony J. Verzi , call for a no charge consultation to learn your options.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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