Gabriel Swan (CRD: 5821532) faces a pending customer claim that alleges $180,000 in damages, according to BrokerCheck. In it, the customer alleges Swan failed to stop him from withdrawing funds, and Swan denies any wrongdoing.
Investors reportedly may have incurred losses due to securities broker Edward Carchia Jr. (also known as Ed Carchia Jr. and Edward Karchia Jr.) [CRD: 1328905, Paramus, New Jersey], according to disclosures on FINRA BrokerCheck. According to the regulator, Edward Carchia worked for Morgan Stanley from June 1, 2009, to July 21, 2022. Here’s more about the securities broker’s disclosures.
Notably, a Morgan Stanley client filed FINRA Arbitration No. 23-03535 about Carchia. The client alleged that Carchia made unsuitable recommendations. Because of this, the client allegedly sustained damages on exchange-traded funds. Therefore, on February 3, 2025, Morgan Stanley settled this matter by paying the client $175,000 in damages.
Specifically, a Morgan Stanley client filed FINRA Arbitration No. 16-00873 about Edward Carchia. Supposedly, Carchia made unsuitable recommendations regarding government bonds from 2006 through 2014. Therefore, on April 11, 2017, Morgan Stanley settled this matter by paying the client $20,000 in damages.
Also, a client of Morgan Stanley contested Carchia’s sales practices, according to a complaint. Allegedly, Carchia made unsuitable recommendations regarding mutual funds between 2010 and 2013. Therefore, Morgan Stanley opted to settle the matter on September 21, 2013, by compensating the client in the amount of $30,000.
Seeking more information about Edward Carchia? If you incurred losses, contact Soreide Law Group online or at (888) 760-6552 and talk to a securities lawyer about a potential recovery. Soreide Law Group has recovered losses for investors throughout the country, represents clients on a contingency fee basis, and advances all costs. Carchia Jr. and brokerage firms Carchia Jr. worked for deny any allegations of sales practice violations.
Gabriel Swan (CRD: 5821532) faces a pending customer claim that alleges $180,000 in damages, according to BrokerCheck. In it, the customer alleges Swan failed to stop him from withdrawing funds, and Swan denies any wrongdoing.
A pending customer claim on the BrokerCheck report of John Ravsten (CRD: 5634077) alleges $118,000 in damages. The claimant alleges misrepresentation and says the investment did not suit the claimant's situation.
A pending $2,500,000 customer claim over DST investments appears on the BrokerCheck report of Wendy Kretschmer (CRD: 3111589). The claimants allege that WestPark recommended the investments, and the claim remains open.
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