DANIEL REILLY Losses?

Did Morgan Stanley's Daniel Reilly Cause Your Investment Losses?

FINRA BrokerCheck reports troubling allegations against Morgan Stanley securities representative Daniel Reilly (CRD#: 4752371, New York, New York). Specifically, the securities broker, who worked for Morgan Stanley from February 20, 2015 to June 15, 2018, discloses two clients disputes which settled through payments to them, and an employment discharge by Morgan Stanley over Reilly’s allegedly bad trading practices. Here's a summary of the disputes:

Morgan Stanley Client Files Complaint Suggesting Daniel Reilly Made Unauthorized Stock Trades

Morgan Stanley discloses that a client of the firm brought a complaint on July 30, 2018. Among other things, the client alleged that Daniel Reilly did not have authorization to make certain equity trades in the client’s account. Supposedly, Reilly’s unauthorized trading took place between January of 2016 to December of 2016. Eventually, Morgan Stanley opted to settle the matter by paying the client $40,000.
Evidently, on May 18, 2018, Morgan Stanley disaffiliated with Reilly because Reilly violated its rules on trading. It appears that Reilly made trades in a deceased client’s account. He somehow claims it was just a mistake.

Merrill Lynch Client’s Complaint Indicates Reilly Made Unauthorized Mutual Fund Trades

Previously, from 2011 to 2015, Daniel Reilly was a Merrill Lynch securities representative located in New York, New York. FINRA BrokerCheck shows that a Merrill Lynch client brought a complaint on April 4, 2016. Similar to the Morgan Stanley client, this Merrill Lynch client claimed that Reilly engaged in unauthorized trading. Supposedly, from 2013 to 2014, Reilly made mutual fund trades that the client did not permit and caused losses. For this reason, Merrill Lynch paid this client $16,727 to settle.
Other than Morgan Stanley and Merrill Lynch, Daniel Reilly worked for GMS Group, LLC (2007), UBS Financial Services (2007 to 2011) and Revere Securities (2018 – present).

Experienced losses through investing with broker Daniel Reilly? If so, contact Soreide Law Group at (888) 760-6552 and speak with experienced counsel about a possible recovery of your investment losses. Soreide Law Group represents clients on a contingency fee basis and advances all costs. The law firm has recovered millions of dollars for clients who have suffered losses due to misconduct of brokers and brokerage firms.