DID XI SHEN CAUSE YOU INVESTMENT LOSSES?
Xi Shen was recently fired from Morgan Stanley following allegations related to the entry of inaccurate customer information into the firm’s systems.
Who is Xi Shen formerly with Morgan Stanley?
Xi Shen (CRD #7320720) who was formerly registered as a broker with Morgan Stanley and located in Lawrenceville, New Jersey, is a subject of one of our many securities industry sales practice abuse investigations.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Xi Shen Employment History and Termination
- Xi Shen worked in the securities industry since 2021 as a registered broker with Morgan Stanley from 2021–2024 in Lawrenceville, New Jersey. Shen’s professional background includes over a decade of experience as an investment performance reporting manager for PNC Wealth Management before joining the securities industry.
- Shen passed two general industry/product exams and one multi-state securities law exam, with no principal or supervisory certifications.
- Termination: The termination from Morgan Stanley occurred in October 2024 due to allegations of policy violations, specifically exercising discretion without formal agreements and entering inaccurate customer data into the firm’s systems. These actions were deemed violations of firm policy.
Negative Disclosures Summary
- Termination:
- Date: October 7, 2024
- Reason: Shen was terminated by MSWM due to allegations of exercising discretion in customer accounts without proper written agreements and entering inaccurate customer data into firm systems. Customers indicated they consented to the discretion exercised.
- Outcome: Employment terminated for policy violations.
Xi Shen Red Flags & Your Rights As An Investor
Regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint was filed, the termination of Xi Shen is a red flag which should put all current and former customers of Xi Shen at Morgan Stanley on alert to review carefully the activity and performance of their accounts and question whether Xi Shen engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Morgan Stanley also raises questions about the brokerage firm’s supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
Did You Lose Money Because of Broker Misconduct?
If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.
Need Legal Help? Let’s talk.or, give us a ring at 561-338-0037.
File A Claim To Recover Your Investment Losses At Morgan Stanley Due To Xi Shen
If you have questions about Morgan Stanley and/or Xi Shen and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.
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