Anthony Joseph Verzi, Formerly with Morgan Stanley of Melbourne, Florida, Barred by FINRA

Soreide Law Group, a Florida-based law firm, obtained the following information from FINRA’s website, available to the public, under “Disciplinary and Other FINRA Actions, August 2017.” 
Anthony Joseph Verzi (CRD #1186572, Melbourne, Florida)
was barred from association with any FINRA member in all capacities for allegedly refusing to appear for FINRA-requested on-the-record testimony during the course of an investigation into his alleged potential unsuitable trading of UITs in customer accounts.
(FINRA Case #2016051829801)
This is a partial description given by the SEC of a UIT or Unit Investment Trust:
A UIT issues redeemable securities or units, like a mutual fund, which means that the UIT will buy back an investor’s units, at the investor’s request, at their approximate net asset value or NAV.
A UIT will make a one-time "public offering" of only a specific, fixed number of units (like closed-end funds). Many UIT sponsors will maintain a secondary market, which allows owners of UIT units to sell them back to the sponsors and allows other investors to buy UIT units from the sponsors.
A UIT will have a termination date that is established when the UIT is created.
A UIT does not actively trade its investment portfolio.
A UIT does not have a board of directors, corporate officers, or an investment adviser to render advice during the life of the trust.
The SEC also states that just because a UIT had excellent performance one year does not necessarily mean that it will duplicate that performance in the next.
FINRA has barred Anthony Joseph Verzi from acting as a broker or otherwise associating with firms that sell securities to the public.
Anthony Joseph Verzi, according to FINRA’s BrokerCheck, has 3 Disclosures on his report, two of the were listed as “Customer Disputes.”
Verzi was in the securities industry for 32 years and was listed with 3 firms, the most recent listed below:
06/01/2009 - 08/12/2016  MORGAN STANLEY - MELBOURNE, FL
If you experienced investment losses due to Anthony Joseph Verzi formerly of Morgan Stanley of Melbourne, Florida, contact the Florida-based lawfirm of Soreide Law Group for a no-cost consultation with an experienced securities lawyer regarding the possible recovery of your losses through a FINRA arbitration at:  888-760-6552.
Soreide Law Group represents our clients nationwide before FINRA and we operate on a contingency fee basis.  Let our experience work for you.