ANTHONY VINCENT FERRONE CRD#: 1192506
Without admitting or denying the findings, on July 25, 2017, Ferrone consented to the sanction and to the entry of findings that he allegedly appeared for on-the-record testimony but refused to provide complete testimony and departed the testimony before its completion during the course of FINRA's investigation into his potential unsuitable trading of unit investment trusts ( UITs) in client accounts
FINRA has barred the former Morgan Stanley representative, Anthony Ferrone, from acting as a broker or otherwise associating with firms that sell securities to the public for allegedly refusing to testify regarding accusations that he improperly traded within client accounts.
Allegedly, Ferrone appeared before the FINRA panel, but left before he had finished testifying, a violation of FINRA rules.
Anthony Ferrone is the latest Morgan Stanley broker barred for unsuitable trades concerning unit investment trusts (UITs). In June, Anthony Joseph Verzi, a Florida-based representative with Morgan Stanley, was barred from the industry after refusing to testify at another FINRA hearing into alleged improper trading.
According to FINRA’s BrokerCheck, Anthony Ferrone has 7 Disclosures on his report, 4 of which were Customer Disputes. He had been in the securities industry for 33 years and was listed with 11 firms, the 3 most recent listed below:
09/09/2016 - 04/18/2017 AMERIPRISE FINANCIAL SERVICES, INC. - PARAMUS, NJ
07/08/2011 - 08/12/2016 MORGAN STANLEY - RIDGEWOOD, NJ
07/31/2007 - 07/11/2011 STIFEL, NICOLAUS & COMPANY – FORT LEE, NJ
If you were a client of former Morgan Stanley and Ameriprise Financial Services broker, Anthony Ferrone, and experienced losses due to his actions or recommendations, or if any other broker improperly traded your accounts, call Soreide Law Group for a no-cost consultation into the possibility of recovering your losses through a FINRA arbitration at: 888-760-6552.
Soreide Law Group represents our clients nationwide before FINRA. We operate on a contingency fee basis. Let our years of experience work for you.
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