{"id":6192,"date":"2017-08-30T13:26:05","date_gmt":"2017-08-30T18:26:05","guid":{"rendered":"https:\/\/www.institutionalinvestorsecuritiesblog.com\/?p=1747"},"modified":"2022-03-11T13:40:27","modified_gmt":"2022-03-11T19:40:27","slug":"securities-cases-finra-fines-suspends-ex-morgan-stanley-broker-trying-settle-without-firm-authorization-sec-accuses-connecticut-financial-representative-elder-financial-fraud-freez","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/securities-cases-finra-fines-suspends-ex-morgan-stanley-broker-trying-settle-without-firm-authorization-sec-accuses-connecticut-financial-representative-elder-financial-fraud-freez\/","title":{"rendered":"Securities Cases: FINRA Fines and Suspends Ex-Morgan Stanley Broker For Trying to Settle Without Firm Authorization, SEC Accuses Connecticut Financial Representative of Elder Financial Fraud and Freezes Assets of Ex-Colorado Broker for Allegedly Stealing Investor Funds"},"content":{"rendered":"<p>\t\t\t\t<strong>FINRA Fines Ex-Morgan Stanley Broker, Issues 15-Day Suspension<\/strong><\/p>\n<p>The Financial Industry Regulatory Authority has fined an ex-Morgan Stanley (MS) broker $10K and ordered him to serve a 15-day suspension after he allegedly tried to resolve a client\u2019s complaint without the firm\u2019s consent. The regulator is charging Lewis H. Robinson, who now works with BB &amp; T Securities in Florida, with violating Rule 2010. The rule mandates that brokers satisfy \u201chigh standards\u201d as they pertain to commercial honor and principles of trade. <\/p>\n<p>According to FINRA, Robinson wrote $12,203 in checks to resolve three complaints made by the client. <em> Advisor Hub<\/em> reports that Robinson said that he notified Morgan Stanley as soon as the client noticed that the account was overcharged a higher commission rate than what had been agreed upon but that the firm refused to give a refund because the allegedly mistaken excess fee was charged too long ago. <\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/securities-cases-finra-fines-suspends-ex-morgan-stanley-broker-trying-settle-without-firm-authorization-sec-accuses-connecticut-financial-representative-elder-financial-fraud-freez\/\"  title=\"Continue Reading Securities Cases: FINRA Fines and Suspends Ex-Morgan Stanley Broker For Trying to Settle Without Firm Authorization, SEC Accuses Connecticut Financial Representative of Elder Financial Fraud and Freezes Assets of Ex-Colorado Broker for Allegedly Stealing Investor Funds\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>FINRA Fines Ex-Morgan Stanley Broker, Issues 15-Day Suspension The Financial Industry Regulatory Authority has fined an ex-Morgan Stanley (MS) broker $10K and ordered him to serve a 15-day suspension after he allegedly tried to resolve a client\u2019s complaint without the firm\u2019s consent. The regulator is charging Lewis H. Robinson, who now works with BB &amp; [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3783,3752,3781,3787,3760,3761],"tags":[2883,2873,2884],"class_list":["post-6192","post","type-post","status-publish","format-standard","hentry","category-broker-misconduct","category-financial-firms","category-investment-advisers","category-morgan-stanley","category-sec-enforcement","category-securities-and-exchange-commis","tag-leon-vaccarelli","tag-senior-financial-fraud","tag-sonya-d-camarco"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Securities Cases: FINRA Fines and Suspends Ex-Morgan Stanley Broker For Trying to Settle Without Firm Authorization, SEC Accuses Connecticut Financial Representative of Elder Financial Fraud and Freezes Assets of Ex-Colorado Broker for Allegedly Stealing Investor Funds &#8212; Investor Lawyers Blog &#8212; August 30, 2017<\/title>\n<meta name=\"description\" content=\"FINRA Fines Ex-Morgan Stanley Broker, Issues 15-Day Suspension The Financial Industry Regulatory Authority has fined an ex-Morgan Stanley (MS) broker $10K &#8212; August 30, 2017\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/securities-cases-finra-fines-suspends-ex-morgan-stanley-broker-trying-settle-without-firm-authorization-sec-accuses-connecticut-financial-representative-elder-financial-fraud-freez\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Securities Cases: FINRA Fines and Suspends Ex-Morgan Stanley Broker For Trying to Settle Without Firm Authorization, SEC Accuses Connecticut Financial Representative of Elder Financial Fraud and Freezes Assets of Ex-Colorado Broker for Allegedly Stealing Investor Funds &#8212; Investor Lawyers Blog &#8212; August 30, 2017\" \/>\n<meta name=\"twitter:description\" content=\"FINRA Fines Ex-Morgan Stanley Broker, Issues 15-Day Suspension The Financial Industry Regulatory Authority has fined an ex-Morgan Stanley (MS) broker $10K &#8212; August 30, 2017\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards &amp; Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Securities Cases: FINRA Fines and Suspends Ex-Morgan Stanley Broker For Trying to Settle Without Firm Authorization, SEC Accuses Connecticut Financial Representative of Elder Financial Fraud and Freezes Assets of Ex-Colorado Broker for Allegedly Stealing Investor Funds &#8212; Investor Lawyers Blog &#8212; August 30, 2017","description":"FINRA Fines Ex-Morgan Stanley Broker, Issues 15-Day Suspension The Financial Industry Regulatory Authority has fined an ex-Morgan Stanley (MS) broker $10K &#8212; 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Kantas, LLP","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.investorlawyers.com\/blog\/securities-cases-finra-fines-suspends-ex-morgan-stanley-broker-trying-settle-without-firm-authorization-sec-accuses-connecticut-financial-representative-elder-financial-fraud-freez\/#article","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/securities-cases-finra-fines-suspends-ex-morgan-stanley-broker-trying-settle-without-firm-authorization-sec-accuses-connecticut-financial-representative-elder-financial-fraud-freez\/"},"author":{"name":"Shepherd Smith Edwards &amp; Kantas, LLP","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"headline":"Securities Cases: FINRA Fines and Suspends Ex-Morgan Stanley Broker For Trying to Settle Without Firm Authorization, SEC Accuses Connecticut Financial Representative of Elder Financial Fraud and Freezes Assets of Ex-Colorado Broker for Allegedly Stealing Investor Funds","datePublished":"2017-08-30T18:26:05+00:00","dateModified":"2022-03-11T19:40:27+00:00","mainEntityOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/securities-cases-finra-fines-suspends-ex-morgan-stanley-broker-trying-settle-without-firm-authorization-sec-accuses-connecticut-financial-representative-elder-financial-fraud-freez\/"},"wordCount":572,"keywords":["Leon Vaccarelli","Senior Financial Fraud","Sonya D. 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