Broker-dealer Misconduct Lawyers 

Did You Suffer Portfolio Losses While Working With Ex-Morgan Stanley Broker Ron Filoramo?

Shepherd Smith Edwards and Kantas Can Help You Determine Whether You Have Grounds For Pursuing Damages

If you are an investor who lost money while working with former Morgan Stanley financial advisor Ron Ernest Filoramo, please contact our trusted broker-dealer misconduct lawyers today. Since earlier this year, we have been investigating claims of portfolio losses involving those who worked with this ex-Fort Lauderdale broker. Filoramo, who was let go by the brokerage firm earlier this year, is involved in at least four investment loss recovery lawsuits.

Now, the former Florida financial advisor has been barred by the Financial Industry Regulatory Authority (FINRA) after refusing to cooperate with the self-regulatory organization’s probe into allegations that he engaged in fraudulent wire transfers while purportedly inducing clients to move money into supposed investments. The customer complaints on Filoramo’s BrokerCheck, which include allegations stemming from 2014 to 2019, appear related to FINRA’s probe. The claimants are collectively seeking nearly $860K in damages.

How Can Our Skilled Broker-dealer Misconduct Lawyers Help?

Shepherd Smith Edwards and Kantas (investorlawyers.com) can help you determine whether your portfolio losses while working with Filoramo, or any other Morgan Stanley financial advisor, were caused by negligent or wrongful actions. As a matter of fact, two other longtime ex-Morgan Stanley brokers also recently opened themselves up to industry bars rather than cooperate in FINRA investigations into their alleged misconduct. John C. Jacobsen was accused of miscoding trades on inherited accounts, and Doug McKelvey allegedly stole money from his own relatives’ brokerage accounts.

Unfortunately, there are stockbrokers who will take advantage of their fiduciary relationship with customers and attempt to steal and/or misappropriate their funds. If there is evidence that Morgan Stanley failed to properly supervise its registered representative and this enabled broker misconduct while costing you money, you may be able to file a FINRA lawsuit against the firm even if it was not aware of the bad behavior.

With over a century’s worth of experience in the securities industry and securities law, our savvy broker fraud attorneys can help you explore your legal options. Should we decide to work together, we will provide you with quality securities law representation throughout the entire process and during all proceedings while protecting your legal rights.

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Over the years, our investment loss recovery law firm has collectively recovered many millions of dollars from negligent brokerage firms and investment advisers for thousands of investors through arbitration, mediation, and litigation. Call the SSEK Broker-dealer Misconduct Lawyers at (800) 259-9010 today.