Investors potentially experienced sales practice violations due to securities broker Alexander Birke Gorman [CRD: 4704694, New York, New York], according to disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Alexander Gorman has worked with Morgan Stanley in New York, New York, since June 1, 2009. Read on to find out more the allegations made against Alexander Gorman and what this could mean for investors.
Evidently, a client of Morgan Stanley contested Alexander Gorman’s sales practices, based on a complaint dated March 7, 2025. Allegedly, Gorman made unsuitable recommendations about covered option trading between 2019 and 2023. Allegedly, Gorman allegedly caused the client to sustain damages on stocks. Therefore, the client sought compensation from Morgan Stanley or Gorman in the amount of $429,000 in this matter.
Unsuitable trading in options typically means a financial advisor recommended options strategies—like covered calls, puts, or spreads—that were not appropriate based on the client’s investment profile. This includes factors such as age, financial situation, investment experience, risk tolerance, and investment objectives. In many cases, unsuitable options trading exposes investors to unnecessary risk, complexity, or financial loss they weren’t prepared for. FINRA rules require brokers to have a reasonable basis to believe an options strategy is suitable before recommending it.
Did you experience losses because of Alexander Gorman? Reach out to Soreide Law Group online or at (888) 760-6552 and speak to a securities attorney regarding a potential recovery of your investment losses. Soreide Law Group is experienced with recovering losses for investors throughout the United States. Also, the firm takes cases on a contingency fee arrangement and advances all costs. Gorman and brokerage firms Gorman worked for deny accusations of sales practice violations.
Soreide Law Group is investigating potential investor claims involving sales practice violations by securities brokers and financial advisors related specifically to Next Level Holdings LLC and its affiliated Yield Wealth investment products. These offerings—including Next Level Notes and Yield Term Deposits—were promoted as high-yield, income-generating investments with purported principal protection. However, significant adverse information has […]
Investors have reportedly disputed the sales practices of securities broker David Robert McCain [CRD: 2039283, Johnson City, Tennessee], given the disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. McCain worked for Woodbury Financial Services Inc. from September 4, 2009, to January 19, 2024, Osaic Wealth Inc. from January 19, 2024, to August 22, 2024, and […]
Investors apparently complained about securities broker Ian Christopher McElreath [CRD: 4754189, Atlanta, Georgia], according to publicly available information found on Financial Industry Regulatory Authority (FINRA) BrokerCheck. McElreath worked for Ameritas Investment Company LLC from November 26, 2019, to April 6, 2021; 20/20 Capital Management, Inc from January 17, 2020, to April 20, 2021; Emerson Equity […]
Phone:
Fax: 1-954-760-6553
Email: info@securitieslawyer.com