August 2018-Tucson, AZ
The FINRA records of Kirk J. Gill , a stockbroker who is currently employed by Taylor Capital Management disclose 3 pending customer disputes , 12 prior final customer disputes and a termination from employment.
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.
The currently pending disputes include:
- FINRA Case 18-0762- a customer of Gill’s former employer Morgan Stanley Smith Barney seeks damages of over $900,000 and alleges that from 2009-2016 Gill made numerous unsuitable recommendations in limited partnerships and other direct investments.
- FINRA Case 16-2230- another customer of Morgan Stanley Smith Barney alleges damages of $500,000 for unsuitable recommendations from 2011-2015.
The settled cases include:
- FINRA Case 17-2003-a Morgan Stanley customer was paid $275,000 to resolve claims for unsuitable investments made by Gill.
- FINRA Case 17-0335 – a customer of Gill’s former employer Morgan Stanley Smith Barney alleged damages of $500,000 for unsuitable investments from 2010-2016. The case was settled for $150,000.
Kirk Gill was employed by Morgan Stanley from 6/2009-4/2016. He then worked for First Financial Equity Corp. from 3/2016-6/2018 when he was permitted to resign due to firm concerns regarding Gill’s sales practices and Gill’s failure to agree to the terms of the firm’s enhanced supervision plan.
If you have losses in an account in an account handled by Kirk Gill , you may be able to recover damages through FINRA arbitration. Call for a no charge consultation.
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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