{"id":19133,"date":"2020-08-25T14:29:24","date_gmt":"2020-08-25T19:29:24","guid":{"rendered":"https:\/\/www.investorlawyers.com\/blog\/?p=19133"},"modified":"2022-03-23T15:00:50","modified_gmt":"2022-03-23T20:00:50","slug":"morgan-stanley-inadequate-supervision-fine","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/morgan-stanley-inadequate-supervision-fine\/","title":{"rendered":"Morgan Stanley Wealth Management To Pay Over $949K for Inadequately Supervising Ex-Broker Kevin Gunnip"},"content":{"rendered":"<h2><span style=\"font-weight: 400;\">Morgan Stanley Settlement Includes FINRA Fine and Investor Restitution\u00a0<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">According to the Financial Industry Regulatory Authority (FINRA), Morgan Stanley Wealth Management has consented to pay a $175K fine and more than $774K in restitution for allegedly failing to supervise its former broker Kevin Gunnip.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Texas-based financial representative is accused of excessively trading in preferred securities and corporate bonds over five years, causing 10 customers to lose more than $900K.\u00a0<\/span><\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/morgan-stanley-inadequate-supervision-fine\/\"  title=\"Continue Reading Morgan Stanley Wealth Management To Pay Over $949K for Inadequately Supervising Ex-Broker Kevin Gunnip\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Morgan Stanley Settlement Includes FINRA Fine and Investor Restitution\u00a0 According to the Financial Industry Regulatory Authority (FINRA), Morgan Stanley Wealth Management has consented to pay a $175K fine and more than $774K in restitution for allegedly failing to supervise its former broker Kevin Gunnip.\u00a0 The Texas-based financial representative is accused of excessively trading in preferred [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":19134,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3967,3777,4136],"tags":[4257,2667,4407,4406],"class_list":["post-19133","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-failure-to-supervise","category-inadequate-supervision","category-morgan-stanley-financial-firms","tag-failure-to-supervise","tag-inadequate-supervision","tag-kevin-gunnip","tag-morgan-stanley-wealth-management"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Morgan Stanley To Pay Over $949K For Inadequate Supervision | SSEK<\/title>\n<meta name=\"description\" content=\"Morgan Stanley Wealth Management is to pay over $949K in restitution for failure to supervise ex-broker, Kevin Gunnip. 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