DID JOHN FRANCIS SORENSEN CAUSE YOU INVESTMENT LOSSES?
John Sorensen Of Morgan Stanley Has 3 Customer Complaints For Alleged Broker Misconduct
About John Sorensen Of Morgan Stanley?
John Sorensen (CRD #1929963) is currently employed and registered with Morgan Stanley in New York, New York, having been with the firm since June 2009. He has a longstanding career in the financial industry, previously registered with Citigroup Global Markets Inc. from July 1993 to June 2009 and Lehman Brothers Inc. from November 1990 to July 1993. Sorensen is registered with four Self-Regulatory Organizations and licensed in 41 U.S. states and territories. He has passed two general industry/product exams and one multi-state securities law exam, reflecting a robust understanding of securities and state laws.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
John Sorensen Customer Complaints and Reviews
John Francis Sorensen has been involved in several customer disputes:
- Customer Dispute (Settled, March 2008): Involved allegations of failure to follow instructions related to auction rate securities, which led to unspecified damages and a settlement of $50,000.
- Customer Dispute (Settled, March 2008): Similar circumstances as above with a settlement amount of $250,000. Neither case involved personal contributions from Sorensen, as the settlements were part of a broader agreement between his firm and regulators.
- Customer Dispute (Denied, September 2020): Allegations of excessive trading in relation to a reinvestment strategy, which was denied without any action.
Allegations Against John Sorensen
The specific allegations made against John Francis Sorensen include:
- Failure to Follow Instructions: Relating to the handling of auction rate securities, where it was alleged that Sorensen did not adhere to client instructions.
- Excessive Trading: In a separate incident, a client’s attorney alleged excessive trading by Sorensen’s team, which was deemed to have no basis and was denied.
- Market Events Beyond Control: In the auction rate securities cases, the broader market failures were noted as beyond Sorensen’s control, and the settlements were part of a regulatory agreement with his firm, not reflecting individual wrongdoing.
John Sorensen Red Flags & Your Rights As An Investor
Of course, John Sorensen 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 John Sorensen at Morgan Stanley on alert to review carefully the activity and performance of their accounts and question whether John Sorensen 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.
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 John Sorensen
If you have questions about Morgan Stanley and/or John Sorensen 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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