Customer of Morgan Stanley Broker Thomas Bonds Files $5M Unsuitability Case

Morgan Stanley Broker Thomas Bonds Has Three Investor Claims That Resulted in Settlements 

Our broker misconduct attorneys are investigating claims of losses involving current and former customers of Morgan Stanley broker Thomas Craig Bonds. According to his BrokerCheck record, the Kirkland, WA financial advisor has one pending customer dispute. In the investor’s FINRA arbitration claim, the claimant seeks $5M in damages and alleges unsuitability related to how the broker managed their account from April 2015 to September 2021. 

Unsuitability generally alleges that actions were taken by the financial advisor that were not a suitable fit for the investor given several factors, including: 

  • Their investing profile
  • Risk tolerance level
  • Financial goals
  • Age
  • Liquidity needs
  • Investing experience
  • Other investments and other key factors.

Bonds has been a Morgan Stanley broker since 2009. He also has four other customer disputes on record, including three that resulted in settlements. 

Did you work with Morgan Stanley financial advisor Thomas Bonds? Did you suffer investment losses? If so, call Shepherd Smith Edwards and Kantas (SSEK Law Firm at today at (800) 259-9010

Past Customers Accused Thomas Bonds of Unauthorized Trading

  • January 2020: This client alleged churning in her daughter’s trust. She also contends that she never gave Morgan Stanley broker Thomas Bonds permission to buy or sell stocks. The case was eventually closed due to no action.
  • April 1994: This claimant alleged unauthorized trading and unsuitability. The case was concluded with a more than $60K settlement.
  • May 1993: This unauthorized trading case reached a $12K settlement.
  • August 1992: This breach of fiduciary case was settled for over $11K. 

Bonds has worked for 33 years in the industry. Other firms he used to be registered with include Morgan Stanley DW, Merrill Lynch, Pierce, Fenner & Smith, Smith Barney, and Lehman Brothers. 

What is Unauthorized Trading?

Unauthorized trading is when the financial advisor engages in trading without having obtained the express permission of the customer to make a transaction. It can also involve failing to obtain the kind of trading authorization required for a broker to make trades for an investor without having to notify them in advance every time.  

Seasoned Securities Lawyers

Our experienced securities lawyers represent investors who have suffered significant investment losses due to broker negligence and misconduct. Contact us at SSEK Law Firm today by calling (800) 259-9010 so that we can help you explore your legal options.

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