Investigation Into Securities Broker Anthony Gallea

Soreide Law Group is presently investigating potential claims on behalf of investors who may have sustained financial losses due to the actions of securities broker Anthony Michael Gallea (also known as Anthony Gallea) (CRD: 713980, Hendersonville, North Carolina). Gallea has been registered with Morgan Stanley since June 1, 2009, as a securities broker and financial advisor, and has operated out of offices in Hendersonville, NC, and Palm Coast, FL. He has faced several allegations from Morgan Stanley clients, notably accusations of employing unsuitable options trading strategies and covered call strategies. Moreover, he has also been involved in a case filed by a Salomon Smith Barney client.

Morgan Stanley Smith Barney Investors Accuse Gallea Of Unsuitable Options Trading Strategy

Specifically, a client of Morgan Stanley Smith Barney filed FINRA Arbitration: 22-01148 about Anthony Gallea. The client contends that Gallea employed an unsuitable options trading strategy from 2018 to 2022. Consequently, the client claimed damages of $949,000. Therefore, on January 18, 2023, Morgan Stanley Smith Barney settled the case by compensating the client $75,000.

Anthony Gallea Discloses Unsuitable Covered Call Strategy Allegations By Morgan Stanley Client

Subsequently, a Morgan Stanley client lodged a written complaint dated October 14, 2022, about Anthony Gallea. The client’s attorney argues that Gallea’s recommended covered call strategy, implemented between 2021 and 2022, was unsuitable. As a result, the client reportedly sustained damages amounting to $1,315,300. However, the complaint was denied on December 29, 2022.

Morgan Stanley Smith Barney Investors Accuse Gallea Of Unsuitability In Options Trading

Evidently, another Morgan Stanley Smith Barney client initiated FINRA Arbitration: 22-00898, about Anthony Gallea on April 26, 2022. The client alleges that Gallea executed an unsuitable options trading strategy between 2019 and 2021. In this case, damages are unspecified, and the arbitration is pending resolution.

Anthony Gallea Discloses Misrepresentation In Option Trading Strategy Allegations By Morgan Stanley Client

Moreover, a separate Morgan Stanley client submitted a written complaint about Anthony Gallea, dated January 6, 2022. This client alleges misrepresentation concerning an option trading strategy conducted from 2020 to 2021. However, the firm denied the complaint on March 29, 2022.

Salomon Smith Barney Investors Accuse Gallea Of Unsuitable Transactions

Lastly, back on May 21, 2001, a Salomon Smith Barney client filed a complaint about Anthony Gallea. The client claimed that transactions in her equity listed account from 1998 to 2001 were not suitable. While damages weren't specified, the complaint was ultimately denied on August 23, 2001, without any settlement.

Did You Sustain Financial Losses Due To Anthony Gallea?

If you've incurred financial harm because of Anthony Gallea, we invite you to contact Soreide Law Group online or at (888) 760-6552. Speak with a seasoned securities attorney about the potential for recovering your investment losses. Specifically, our firm has successfully recovered money for investors across the United States. Importantly, we operate on a contingency fee basis and advance all associated costs. Gallea and the brokerage firms he has been associated with deny any allegations of sales practice violations.