Customer Complaints Against Arizona Broker, KIRK J GILL

According to a recent press release, a Tuscon, Arizona, couple recently filed a FINRA complaint against the former Morgan Stanly broker, KIRK J GILL (CRD#: 2291503).  Gill is currently with TAYLOR CAPITAL MANAGEMENT INC. of Tucson, AZ.  On FINRA’s BrokerCheck, which is available to the public on FINRA’s website, it states that Gill has 17 “Disclosures” on his report.  Of those 17 Disclosures, 16 are “Customer Disputes.”

The press release states that the couple alleged Morgan Stanley failed to supervise Kirk J. Gill, who recommended unsuitable and risky investments by recommending concentrated positions in energy stocks, which caused them to lose a significant amount of money in their individual and retirement accounts.

After Morgan Stanley settled with his former clients,KIRK J GILL filed a comment with BrokerCheck, putting the alleged blame on Morgan Stanley, which stated, “Mr. Gill was not personally named in this matter. Recommendations reflected Morgan Stanley’s research and strategy. Mr. Gill has not been involved in any aspect of the legal proceedings.”

The following is a sampling of the “Customer Diputes” that settled listed on FINRA’s BrokerCheck:

In July of 2015, following allegations that, “Claimant alleges, inter alia, that from 2007 to November 2014 the FA (Financial Advisor) made unsuitable recommendations in the client’s account.” The settlement amount was, $80,000.00.

In June of 2016, the allegations were, “Claimant alleges, inter alia, that from 2010 to March 2016 the FA unsuitably over-concentrated her investments in high risk equities.”  The settlement amount was, $21,000.00.

On July 8, 2016, “Claimant alleged, inter alia, unsuitability with respect to investments in accounts – 2014-2015.”  The settlement was $32,500.00.

On July 13, 2016, “Claimants alleged, inter alia, unsuitability with respect to investments in accounts – 2014-2015.”  It settled for $50,000.00

On August 3, 2016, “Claimants allege, inter alia, that from August 2011 to November 2015 the FA made unsuitable recommendations in the client’s account.”  The settlement amount was $195,000.00.

In March of 2017, “Claimants allege, inter alia, unsuitability with respect to investments in accounts – 2010-2016.”  The settlement was $150,000.00.

In August of 2017, “Claimants alleged, inter alia, unsuitability with respect to investments 2013-2016.”  This settled for $275,000.00.

In March of 2018, “Claimant alleged, inter alia, unsuitability of investments- 2009 to 2016.”  The settlement amount was $185,000.00.

In May of 2018, “Client verbally complained about an over concentration in oil stocks. January, 2014 to January, 2018.”  The settlement amount was $38,265.71.

According to BrokerCheck, KIRK J GILL, is currently employed and has been registered with the following firm since 6/6/2018:

TAYLOR CAPITAL MANAGEMENT INC.

3567 E. Sunrise Drive #239

Tucson, AZ 85718

According to FINRA’s BrokerCheck, KIRK J GILL, has been registered in the securities industry for 26 years and was listed with 6 firms.  The following were the most recent before Taylor Capital:

03/31/2016 – 06/07/2018  FIRST FINANCIAL EQUITY CORPORATION – Tucson, AZ

06/01/2009 – 04/14/2016  MORGAN STANLEY – TUCSON, AZ

If you’ve experienced investment losses due to the recommendations of KIRK J GILL formerly of Morgan Stanley, and First Financial Equity, now with Taylor Capital in Tucson, AZ, 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 represents clients nationwide before FINRA and we operate on a contingency fee basis—no fee to you if no recovery.

2019-03-08T16:17:13+00:00March 8th, 2019|

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