DID JEFFREY ALLEN RUSSELL CAUSE YOU INVESTMENT LOSSES?
Jeffrey Russell Formerly With Morgan Stanley Has 2 Customer Complaints For Alleged Broker Misconduct
Who is Jeffrey Russell formerly with Morgan Stanley?
Jeffrey Russell (CRD #2516610) who was formerly registered with Morgan Stanley and located in Newport Beach, California, is a subject of one of our many securities industry sales practice abuse investigations. Prior to Morgan Stanley, Jeffrey Russell was associated with other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.
Jeffrey Russell has had his own regulatory problems. In 2023 you consented to the sanctions and the entry of findings that he effected purchases of the money market mutual fund and brokerage accounts of customers as member firm without his customers prior authorization or consent. As a result, he was suspended for 6 months, ordered to pay, disgorgement, and fined $5,000.
Jeffrey Russell Customer Complaints
Jeffrey Russell has been the subject of 2 customer complaints that we know about seeking to recover investment losses. One customer complaint was settled by Morgan Stanley in favor of the investor for Jeffrey Russell’s alleged misconduct. His prior employer Merrill Lynch, Pierce, Fenner and Smith denied the other customer complaint and the investor took no further action.
Allegations Against Michele Savarese
- Failure to disclose fees and unsuitable investment recommendations.
- Unauthorized purchase of mutual fund shares in 2021.
Michele Savarese Red Flags & Your Rights As An Investor
Of course, Jeffrey Russell did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Jeffrey Russell at Morgan Stanley on alert to review carefully the activity and performance of their accounts and question whether Jeffrey Russell has 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.
File A Claim To Recover Your Investment Losses At Morgan Stanley Due To Jeffrey Russell
If you have questions about Morgan Stanley and/or Jeffrey Russell 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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