Christian Murray Evans (Christian Evans), a representative previously registered both as a broker and as an investment advisor, has been suspended for three months and fined $5,000.00 by FINRA on July 16, 2021. Evans was previously registered with Morgan Stanley of Dallas, Texas.
Without admitting or denying FINRA’s findings, Christian Murray Evans consented to the sanctions and to the entry of findings that he allegedly engaged in an outside business activity (OBA) without providing prior written notice to his member firm.
FINRA’s findings stated that Christian Murray Evans and two partners, who were not associated with a FINRA member firm, started a business to allegedly raise capital for small businesses. According to the FINRA report, to conduct this business, Evans formed a limited liability company and served as its managing member. FINRA states that Evans led the company's business development and marketing efforts.
According to FINRA, in a letter of intent that Evans sent to at least one potential client, he allegedly proposed terms for engaging his company, including base and incentive compensation for himself and his partners. Evans’ firm's annual compliance questionnaire instructed registered representatives to identify all of their outside business activities. However, according to FINRA, Evans did not identify any of these activities.
According to FINRA’s BrokerCheck, Christian Murray Evans, was also barred by FINRA in all capacities on April 30, 2020 until January 5, 2021, for allegedly failing to respond to FINRA’s request for information. Also, Evans was discharged by Morgan Stanley (MSWM) on August 30, 2019 due to the following, “Allegations relating to employee's involvement in undisclosed outside financial services related activity.”
BrokerCheck states that Christian Murray Evans has two years of experience in the securities industry, was listed with two firms, Morgan Stanley and Highland Capital Funds Distributor both of Dallas, Texas, and has three disclosures on his FINRA CRD report.
If you’ve experienced financial losses due to the actions or recommendations of the former Morgan Stanley of Dallas, Texas, broker, Christian Murray Evans, contact Soreide Law Group and speak to an experienced securities lawyer regarding the possible recovery of your investment losses through a FINRA arbitration at: 888-760-6552.
Soreide Law Group works on a contingency fee basis, no fee to you if no recovery, and represents our clients nationwide before FINRA.