Financial Industry Regulatory Authority (FINRA) BrokerCheck shows disclosures about securities broker Christopher Stephen Stocks [CRD: 2600346, Paradise Valley, Arizona]. Stocks has a lengthy employment history, including working for Morgan Stanley DW Inc. from 2009 to 2021, and working for Prospera Financial Services Inc. since 2022. However, Stocks has been involved in client disputes and regulatory issues. Continue reading to learn more about the complaints filed about him, including allegations of unauthorized transactions and participation in outside business activities.
On July 23, 2024, FINRA initiated a disciplinary investigation about Chris Stocks, citing possible violations of its rules. The case (#20210735431) involves allegations that Stocks possibly violated FINRA Rules 3270 and 2010 by not disclosing his involvement in outside business activities. Additionally, he allegedly breached FINRA Rules 3280 and 2010 by failing to provide prior written notice before engaging in private securities transactions. Lastly, Stocks is accused of violating FINRA Rule 2010 by submitting false information on annual compliance attestations. Consequently, FINRA made a preliminary decision to recommend disciplinary action based on these violations.
On November 11, 2021, Morgan Stanley DW Inc. disaffiliated with Christopher Stocks, citing allegations that Stocks engaged in unauthorized outside activities. This concerned a hotel investment involving clients of the securities firm.
On June 18, 2002, a client of Morgan Stanley DW Inc. made a complaint about Stocks, accusing him of breaching fiduciary duties. According to the client, the broker was acting negligently and engaged in unauthorized trading related to options. The client asked for $35,000 in compensatory damages for these actions. However, this matter was closed.
Another client initiated a complaint about Stocks that was settled on May 21, 2002, for $1,000. The client alleged that Stocks made misrepresentations regarding the recommendation and sale of bonds. This was during his time at Morgan Stanley DW Inc.
For more information, contact Soreide Law Group online or at (888) 760-6552 to speak with a securities attorney. Stocks and the firms he worked for deny accusations of sales practice violations. Soreide Law Group has experience representing investors throughout the country. The firm handles cases on a contingency basis.
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