Mark Payne Investigation
May 2022- Roseville, CA
According to publicly available records, Mark Christopher Payne, a broker with Morgan Stanley discloses a recently filed a FINRA case in which the customer is seeking damages of more than $15 million.
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 1/2022, a customer of Morgan Stanley filed FINRA case 22-00122 alleging that Payne made misrepresentations and unsuitable recommendations related to an options trading strategy in a managed account from 2018 to 2021. Alleged damages are $15, 531,642 and the case is still pending.
Payne began working for Morgan Stanley in June of 2017.
If you have losses in an account handled by Mark Payne, call 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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