DID LOREN JUSTIN MORRISON CAUSE YOU INVESTMENT LOSSES?
Loren Morrison Of Stifel, Nicolaus & Company, Incorporated And Formerly With LPL Financial LLC Has 6 Customer Complaints For Alleged Broker Misconduct
About Loren Morrison of Stifel, Nicolaus & Company, Incorporated?
Loren Morrison (CRD #4578161) is a seasoned broker currently employed by Stifel, Nicolaus & Company, Incorporated in Southfield, MI since May 17, 2021. His career has spanned several major firms including LPL Financial LLC and UBS Financial Services. Morrison is registered with six Self-Regulatory Organizations and licensed in six U.S. states and territories. He has passed three general industry/product exams (Series 7, Series 31, and Securities Industry Essentials) and two state securities law exams (Series 65 and Series 63).
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Loren Morrison Customer Complaints and Reviews
Loren J. Morrison’s FINRA report reveals a total of nine disclosure events:
- Customer Disputes (6 events): These include allegations ranging from unsuitable recommendations to unauthorized trading, with some disputes resulting in substantial settlements.
- Judgments/Liens (3 events): Morrison has three outstanding tax liens totaling over $148,000, filed by the State of Michigan and the Internal Revenue Service, indicating significant financial liabilities.
Allegations Against Loren Morrison
- Customer Dispute Allegations:
- Violation of Michigan Uniform Securities Act and Consumer Protection Act, unsuitable recommendations, breach of contract, common law fraud, breach of fiduciary duty, and negligence.
- Failure to conduct adequate due diligence, unsuitable recommendations, excessive and unauthorized trading.
- Unauthorized trading, fraud, breach of various FINRA rules and the Investment Advisors Act of 1940.
- Financial Disclosures:
- Tax liens filed by the State of Michigan and the IRS, suggesting issues with personal financial management and tax obligations.
Loren Morrison Red Flags & Your Rights As An Investor
Of course, Loren Morrison 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 Loren Morrison at Stifel, Nicolaus & Company, Incorporated and LPL Financial LLC on alert to review carefully the activity and performance of their accounts and question whether Loren Morrison has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Stifel, Nicolaus & Company, Incorporated and LPL Financial LLC 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 Stifel, Nicolaus & Company, Incorporated Due To Loren Morrison
If you have questions about Stifel, Nicolaus & Company, Incorporated, LPL Financial LLC and/or Loren Morrison 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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