Investors File Disputes About Morgan Stanley, RBC Securities Broker Anthony Dacruz
Soreide Law Group provides you with new information regarding securities broker Anthony Edward Dacruz (CRD#: 1259435, New York, New York). According to FINRA BrokerCheck, Dacruz, who is a Morgan Stanley financial advisor and securities broker (2011 to present), is involved in three investor disputes in which sales practice violations are alleged. Clients allege damages in these disclosures. Here’s more.
Anthony Dacruz’s Morgan Stanley Client Alleges Unsuitable Municipal Bonds, Closed End Funds
Evidently, a client of Morgan Stanley took issue with Anthony Dacruz’s sales practices. In particular, in the April 2020 complaint, the client alleged unsuitable purchases of Puerto Rico bonds. They also took issue with purportedly unsuitable purchases of closed end funds. It appears that these investments resulted in damages. However, Morgan Stanley denied the client’s complaint.
RBC Capital Markets Client Alleges Damages From Municipal Debt Issuer’s Default
It appears that a client of RBC Capital Markets – who Anthony Dacruz worked for before joining Morgan Stanley – brought a dispute about a municipal debt transaction. Supposedly, when the securities broker sold the investment, he claimed that it was insured. The client claimed that the issuer defaulted on the bond. However, RBC Capital Markets denied this dispute about the securities broker.
JB Hanauer Client Alleges That Anthony Dacruz Failed To Sell Security
In the first dispute disclosed on FINRA BrokerCheck, a client of JB Hanauer Company (Dacruz’s prior employer) alleged damages in connection with a municipal debt transaction. Supposedly, they invested in a badly performing municipal bond because of Anthony Dacruz. Allegedly, the client provided the securities broker with a sell order that the broker did not process. Because of this, JB Hanauer settled these allegations through paying $25,000 to the client.
Losses By Investing In Securities Through Broker Dacruz?
Apparently, securities broker Anthony Dacruz denies allegations of sales practice violations as has been referenced by his clients. Have you experienced investment losses by interacting with this broker? If so, reach out to Soreide Law Group at (888) 760-6552 and speak with experienced counsel concerning a possible recovery of your investment losses. Soreide Law Group represents clients on a contingency fee basis and advances all costs. The law firm has recovered compensation for clients who experienced losses because of their securities brokers and financial advisors.