Investors potentially incurred losses because of securities broker Christopher John McCaffrey [CRD: 2735236, Napa, California], based on disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. McCaffrey worked for Morgan Stanley from June 1, 2009, to February 13, 2024. Investors should review the information below to discover more about McCaffrey’s disclosures.
Specifically, on January 23, 2024, Morgan Stanley Smith Barney LLC disaffiliated with McCaffrey. Notably, Morgan Stanley Smith Barney LLC alleged that McCaffrey faced concerns about discretionary trading and about using unauthorized communication systems for firm-related business.
Particularly, a client of Morgan Stanley Smith Barney disputed Christopher McCaffrey’s sales practices by filing FINRA Arbitration No. 22-00122. Allegedly, McCaffrey made unsuitable recommendations. It appears that McCaffrey allegedly caused the client to sustain damages associated with options. Consequently, Morgan Stanley Smith Barney opted to settle the matter on January 23, 2023, by compensating the client in the amount of $4,100,000.
Also, on April 23, 2004, an A.G. Edwards Sons Inc. client filed a complaint about Christopher McCaffrey. Primarily, the client alleged that McCaffrey engaged in unauthorized trading. For this reason, the client allegedly incurred damages related to stocks. As a result, the client requested $18,233.60 in compensation from A.G. Edwards Sons Inc. or McCaffrey. However, the firm denied this complaint.
Are you concerned about investments you made through Christopher McCaffrey? If so, reach out to Soreide Law Group online or at (888) 760-6552 and talk with a securities lawyer regarding a possible recovery of your investment losses. Soreide Law Group has recovered losses for clients throughout the United States. Also, our securities attorneys work on a contingency fee arrangement and advance all costs. McCaffrey and brokerage firms McCaffrey worked for deny allegations of sales practice violations.
Moors & Cabot, Inc. (CRD 594) is a brokerage firm based in Boston, Massachusetts. FINRA censured and fined the firm $125,000 after finding it failed to develop and implement an anti-money laundering compliance program reasonably expected to detect and report suspicious transactions, according to an AWC issued August 24, 2026.
Cowen and Company, LLC (CRD 7616), now part of TD Securities (USA) LLC, is a brokerage firm based in New York, New York. FINRA censured and fined the firm a total of $80,000, of which $40,000 is payable to FINRA, according to an AWC issued August 19, 2026.
Webull Financial LLC (CRD 289063) is a brokerage firm based in New York, New York. FINRA censured and fined the firm $115,000 after finding it maintained inaccurate books and records of options order origin codes, according to an AWC issued August 17, 2026.
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