Financial Industry Regulatory Authority (FINRA) BrokerCheck reveals disclosures about securities broker Charles Donald Lombardi Jr. (also known as Chad Lombardi.) [CRD: 2846847, New Haven, Connecticut]. Lombardi has been registered as a broker and investment adviser with Morgan Stanley since June 1, 2009.
Recent disclosures reveal concerns regarding Lombardi’s conduct, including allegations of excessive trading and unauthorized transactions.
Client Disputes Alleged Unauthorized Trading, Excessive Trading
On December 1, 2023, a client filed a complaint against Charles Lombardi alleging excessive trading between 2020 and 2022. The complaint, received by Morgan Stanley, involved municipal debt investments. The firm denied the complaint, and no damages were awarded.
Previously, on April 27, 2010, another client dispute was filed against Lombardi at Morgan Stanley Smith Barney. The client alleged unauthorized trading and fund withdrawals from a joint account without consent, claiming damages of $68,000. This complaint was also denied on May 25, 2010.
Employment and Registration History of Charles Lombardi
Lombardi has been registered as a broker with Morgan Stanley since June 2009 and has held investment adviser representative status at the firm for the same duration.
If you have concerns regarding investments handled by Charles Lombardi, contact Soreide Law Group online or call (888) 760-6552 to speak with a securities attorney. Soreide Law Group works on a contingency basis, advances all costs, and helps clients throughout the country with recovering losses from sales practice misconduct. Lombardi and Morgan Stanley deny allegations of sales practice violations.
