Customer Files $2M FINRA Lawsuit Alleging Unsuitable Options Trading Strategy

Law firm Shepherd Smith Edwards and Kantas is investigating investor loss claims against Morgan Stanley following a $2 million FINRA lawsuit alleging financial advisor Daniel Lee Becraft unsuitably recommended a high-risk options trading strategy. Because complex options strategies carry significant leverage and downside risks, affected investors are being encouraged to explore legal recourse to hold the firm liable and recover their financial losses.

If you are an investor who lost money after Morgan Stanley financial advisor Daniel Lee Becraft, or another registered representative at the firm, applied a too-risky options trading strategy to your account, Shepherd Smith Edwards and Kantas (investorlawyers.com) wants to talk to you. We are currently investigating customer losses after one of Becraft’s former customers filed a claim seeking up to $2M in damages.