DID MAURY EDWARD LOMAX CAUSE YOU INVESTMENT LOSSES?
Maury Lomax Of Morgan Stanley Has 2 Customer Complaints For Alleged Broker Misconduct
About Maury Lomax of Morgan Stanley?
Maury Lomax (CRD #4389255) has been registered in the securities industry since 2001. He is currently employed by Morgan Stanley (CRD# 149777) and has been registered with this firm since June 1, 2009. Throughout his career, Lomax has worked with several firms, including Citigroup Global Markets Inc. and Morgan Stanley & Co. Incorporated. Lomax has passed three general industry/product exams, including the Series 7 and Series 66 exams, but has not passed any principal or supervisory exams. He is currently registered with 4 self-regulatory organizations (SROs) and holds licenses in 25 U.S. states and territories, enabling him to conduct business across a broad geographic area.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Maury Lomax Customer Complaints and Reviews
Maury Edward Lomax has two customer disputes disclosed in his record. Below is a summary of the incidents:
- Dispute 1: April 2, 2009
- Allegations: It was alleged that Lomax misled customers regarding the safety of an investment portfolio involving equity-listed stocks. The accounts were opened in July 2008.
- Outcome: The complaint was denied after the firm investigated the allegations. No settlement was paid.
- Dispute 2 Pending: June 21, 2023
- Allegations: Claimants alleged that the investment strategy executed in their accounts between 2020 and 2022 was not in their best interest, specifically regarding equity-listed stocks.
- Alleged Damages: $1,000,000
- Outcome: This case is still pending with ongoing arbitration through FINRA.
Allegations Against Maury Lomax
The key allegation against Maury Edward Lomax involves claims of misleading clients and executing unsuitable investment strategies.
- Unsuitable Investment Strategy: A pending case from 2023 alleges that Lomax implemented an unsuitable investment strategy between 2020 and 2022, resulting in alleged damages of $1,000,000. This case is currently under arbitration with FINRA.
Maury Lomax Red Flags & Your Rights As An Investor
Of course, Maury Lomax 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 Maury Lomax at Morgan Stanley on alert to review carefully the activity and performance of their accounts and question whether Maury Lomax 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 Maury Lomax
If you have questions about Morgan Stanley and/or Maury Lomax 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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