DID MADISON E CLEMENT CAUSE YOU INVESTMENT LOSSES?
Madison Clement was fired from Morgan Stanley on November 13, 2024 following allegations of improper handling of client documentation.
Who is Madison Clement formerly with Morgan Stanley?
Madison Clement (CRD #7477198) who was formerly registered as a broker with Morgan Stanley and located in Birmingham,, Michigan, 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.
Madison Clement Employment History and Termination
Madison E. Clement has three years of experience in the financial industry, having worked with Morgan Stanley in Birmingham, Michigan, from March 2022 to December 2024 as a registered broker. He was previously employed as an analyst at PNC Institutional Asset Management from August 2020-February 2022 and is currently employed with Carrera Capital Advisors as a Financial Advisor since January 2025.
Clement has passed two general industry/product exams and one multi-state securities law exam, specifically the Series 7, SIE, and Series 66 exams. However, he does not currently hold any active securities registrations or professional designations.
Clement was terminated by Morgan Stanley in November 2024 following allegations concerning the re-use of a client’s signed document for annuity forms and inaccurately recording a conversation with a client before liquidating a position.
Negative Disclosures Summary
One Disclosed Event was noted:
- Employment Termination November 13, 2024
- Firm: Morgan Stanley
- Details: Broker was discharged due to allegations involving re-using a client-signed document for annuity forms and misrepresenting the timing of a client conversation before liquidating a position.
- Products: Annuities – Variable
- Equity Listed: Common & Preferred Stock
Allegations and Accusations
The primary allegation in Madison E. Clement’s employment termination at Morgan Stanley involves document mismanagement and inaccurate reporting of client interactions. Specifically:
- Re-use of a client-signed document to complete annuity forms.
- Incorrectly indicating that a client conversation took place before liquidating a position.
Madison Clement 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 Madison Clement is a red flag which should put all current and former customers of Madison Clement at Morgan Stanley on alert to review carefully the activity and performance of their accounts and question whether Madison Clement 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 Madison Clement
If you have questions about Morgan Stanley and/or Madison Clement 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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