January 2020 – Aventura, FL
The FINRA records of Matthew Singer, a broker previously employed by Morgan Stanley Smith Barney disclose 3 prior customer disputes and a regulatory event.
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 March of 2018, without admitting or denying the findings, Singer consented to sanctions and entry of findings that he refused to appear for FINRA on-the-record testimony in connection with its investigation into whether Singer made unsuitable options recommendations to customers. In March of 2018, Singer was permanently barred from the securities industry.
In December of 2016, a client of Morgan Stanley Smith Barney, filed FINRA Case 16-1063 and alleged unauthorized trading and misrepresentation with respect option investments from May 2015 to January 2016. The case settled for $60,000.
In October of 2015, a client of Morgan Stanley Smith Barney, filed FINRA case 15-2767 alleging that Singer recommended investments were recommended that were not suitable for their level of risk. The case was settled for $365,000.
If you have losses in an account handled by Matthew Singer , contact us for a no charge consultation to learn how you may be able to recover damages through FINRA arbitration.
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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