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). Lars Soreide Highest Ethical Standard Award 2018
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.
The Logan Group Securities [CRD: 40259, Roseville, California] was censured and fined $70,000 in a FINRA disciplinary action, according to FINRA's Disciplinary and Other FINRA Actions report for September 2026. FINRA found that the firm, listed in the report as Logan, Kevin Christopher dba The Logan Group Securities, willfully violated Reg BI and Form CRS requirements. The firm consented to the sanctions and to the entry of findings without admitting or denying them, according to the Letter of Acceptance, Waiver and Consent (AWC) issued July 27, 2026.
Brown Associates, Inc. [CRD: 5049, Chattanooga, Tennessee] was censured and fined $30,000 in an AWC issued by FINRA, according to FINRA's Disciplinary and Other FINRA Actions report for September 2026.
RBC Capital Markets, LLC (CRD #31194, New York, New York) was censured and fined $275,000 after an AWC found the firm failed to develop and implement an anti-money laundering compliance program reasonably designed to detect and cause the reporting of suspicious transactions, according to FINRA's September 2026 disciplinary report.
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