DID KWAME ADUSEI CAUSE YOU INVESTMENT LOSSES?
Kwame Adusei Formerly With Morgan Stanley Has 2 Customer Complaints For Alleged Broker Misconduct
About Kwame Adusei formerly with Morgan Stanley?
Kwame Adusei (CRD #6166926) has a background marked by multiple affiliations with prestigious firms and a variety of licensing exams passed, indicative of a well-rounded experience in the securities industry. Adusei was previously registered with firms including Morgan Stanley, J.P. Morgan Securities LLC, and Wells Fargo Advisors LLC, showcasing his involvement in significant financial institutions. His registrations spanned from November 2013 to August 2023. He successfully passed three General Industry/Product Exams, namely the General Securities Representative Examination (Series 7), Securities Industry Essentials Examination, and Investment Company Products/Variable Contracts Representative Examination. Additionally, he completed the Uniform Combined State Law Examination (Series 66), highlighting his qualification across multiple state jurisdictions. Despite his rich career path, he is not currently registered.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Kwame Adusei Customer Complaints and Reviews
Kwame Adusei’s disclosure events include:
- Regulatory Events (2): These involve a suspension by FINRA due to non-compliance with arbitration awards and failure to respond to requests for information. The incidents were finalized with a suspension and permanent bar from association with any FINRA member in all capacities, with the latest occurring on March 18, 2024.
- Customer Disputes (2): One dispute settled for $395,710.21 concerning unauthorized withdrawals from a client’s account between September 2022 and February 2023. Another ongoing dispute involves allegations of unsuitable investment recommendations with claimed damages of $100,000.
- Termination (1): Adusei voluntarily resigned from Morgan Stanley in July 2023 following a client complaint alleging unauthorized transactions and solicitation for an external investment, highlighting significant concerns regarding his conduct.
Allegations Against Kwame Adusei
- Regulatory Actions:
- Suspended for failing to comply with an arbitration award or to respond to a FINRA request (February 2024).
- Permanently barred for failing to request termination of his suspension within the required timeframe, signifying non-compliance with regulatory expectations (March 2024).
- Customer Complaints:
- Unauthorized withdrawals lead to a significant financial settlement.
- Allegations of making unsuitable investment recommendations currently under arbitration.
- Termination:
- Voluntarily resigned amid serious allegations of unauthorized transactions and potential conflict of interest due to solicitation of participation in an external investment.
Kwame Adusei Red Flags & Your Rights As An Investor
Of course, Kwame Adusei 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 Kwame Adusei at Morgan Stanley on alert to review carefully the activity and performance of their accounts and question whether Kwame Adusei 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 firms’ 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 Kwame Adusei
If you have questions about Morgan Stanley and/or Kwame Adusei 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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