Carmine DeMaio of Morgan Stanley FIRED
DID CARMINE A DEMAIO CAUSE YOU INVESTMENT LOSSES? Carmine DeMaio Formerly With Morgan Stanley was terminated on August 2, 2024 for allegations regarding the accuracy of call notes entered into the Firm’s Customer Relationship Management (CRM) system that did not fully reflect the call. Carmine DeMaio Employment History Carmine A. DeMaio has been registered with two securities firms throughout his career. His most recent registration was with Morgan Stanley in Jersey City, New Jersey, from March 2023 to August 2024. Prior to that, he was registered with E*TRADE Securities LLC in Morristown, New Jersey, from December 2021 to September 2023. DeMaio has passed two general industry/product exams: the Securities Industry Essentials Examination (SIE) in October 2021 and the General Securities Representative Examination (Series 7) in December 2021. He also passed one multi-state securities law exam, the Uniform Combined State Law Examination (Series 66) in January 2022. He has not completed any principal or supervisory exams. DeMaio is no longer registered with any firm and has one disclosure event on his record, a termination from Morgan Stanley in August 2024. The termination was related to allegations regarding the accuracy of call notes entered into the firm’s Customer Relationship Management (CRM) system, which did not fully and accurately reflect the call. This disclosure was not associated with any specific product. Carmine DeMaio 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 Carmine DeMaio is a red flag which should put all current and former customers of Carmine DeMaio at Morgan Stanley and E’Trade Securities LLC on alert to review carefully the activity and performance of their accounts and question whether Carmine DeMaioengaged 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 Carmine DeMaio If you have questions about Morgan Stanley and/or Carmine DeMaio 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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