Investors potentially experienced sales practice violations by securities broker Alexander Fischman (also known as Sandy Fischman) [CRD: 5902109, Hackensack, New Jersey], according to publicly available information on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Evidently, Alexander Fischman worked for Morgan Stanley from July 22, 2021, to August 20, 2025, and is currently registered with Wells Fargo Advisors Financial Network LLC and Wells Fargo Advisors as of July 22, 2025. Read below to learn more about the disclosures concerning Alexander Fischman.
Particularly, on August 29, 2025, a Morgan Stanley client filed a complaint about Alexander Fischman. Mainly, the client alleged that Fischman made misrepresentations of material fact concerning commissions on trades and the creation of a managed account. For this reason, the client allegedly incurred damages associated with managed accounts. As a result, the client requested compensation from Morgan Stanley or Fischman.
Specifically, a client of Morgan Stanley disputed Alexander Fischman’s sales practices, according to a complaint dated August 19, 2025. Allegedly, Fischman made stock purchases in a commission-based account that were transferred into a managed account, resulting in advisory fees in addition to commissions. It appears that Fischman allegedly caused the client to sustain damages. Therefore, the client sought compensation from Morgan Stanley or Fischman in this matter.
Additionally, a client of Morgan Stanley contested Alexander Fischman’s sales practices, according to a complaint. Allegedly, Fischman charged excessive commissions. It appears that Fischman caused the client to sustain damages associated with stocks. Consequently, Morgan Stanley opted to settle the matter on July 23, 2025, by compensating the client in the amount of $195,713.69.
Also, on July 25, 2025, a Morgan Stanley client filed a complaint about Alexander Fischman. Primarily, the client alleged that Fischman made misrepresentations of material fact between 2024 and 2025 concerning commissions charged on trades and the rate that the broker charged on an advisory account. Because of this, the investor allegedly sustained damages. Therefore, the client requested compensation from Morgan Stanley or Fischman.
Are you concerned regarding investments you made with Alexander Fischman? You can get in touch with Soreide Law Group online or at (888) 760-6552 and consult with a securities attorney about a possible recovery of your investment losses. For years, Soreide Law Group has recovered losses for investors throughout the United States. Also, the firm works on a contingency fee basis and advances all costs. Fischman and brokerage firms Fischman worked for deny allegations of sales practice violations.
Pending customer claims on BrokerCheck name Michael Graham (CRD 3263494) and list LPL Financial as the firm. Each claim is pending and unproven, and no arbitrator has ruled on any of them. The customers allege that Graham misrepresented guaranteed principal and returns on a secured loan related to a real estate deal.
An SEC decision involving Titan Securities (CRD 131392) of Plano, Texas became final on August 7, 2026, according to FINRA's October 2026 Disciplinary and Other FINRA Actions report. The decision fined the firm $50,000. The record lists the firm as JTA Securities Management, Inc. dba Titan Securities.
Every settled customer dispute on Peter Maller's BrokerCheck report names Lincoln Financial as the firm. Maller holds CRD number 2322403. The newest dispute, filed on March 5, 2024, settled on August 15, 2024 for $12,500 against alleged damages of $50,000. The claimants alleged that the representative represented an oil and gas investment as safe.
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