organ Stanley Terminates Brokers Jill Cade, David Cote, Jesse Weissberger
Morgan Stanley is both a brokerage firm registered with Financial Industry Regulatory Authority (“FINRA”) and investment adviser firm registered with Securities and Exchange Commission (“SEC”). FINRA BrokerCheck reports that the firm has been in 45 regulatory matters in which the firm allegedly violated FINRA rules or securities laws. In 85 instances, a customer sued Morgan Stanley claiming that the firm or its brokers committed sales practice violations. Moreover, this does not include the myriad of occasions where Morgan Stanley settled customer claims without admitting liability for its brokers’ sales practice violations. Morgan Stanley has even terminated its own brokers, including those below, for committing conduct that ran afoul of the firm’s policies or possibly caused customer harm.
Morgan Stanley’s Jill Cade Terminated
Jill Kathleen Cade (CRD#: 2592353, Atlanta, Georgia) is a broker who started working at Morgan Stanley on March 17, 2010. Jill Cade’s FINRA BrokerCheck Record shows that Morgan Stanley terminated her for allegedly engaging in fraudulent conduct. Apparently, Morgan Stanley disaffiliated with Jill Cade on October25, 2015. The firm stated that Jill Cade allegedly engaged in activities that was connected to a fraud upon a third party. Jill Cade has not been registered with a broker dealer since Morgan Stanley terminated her. Jill Cades’ past employers include UBS Financial Services Inc. and J.C. Bradford & Co.
Morgan Stanley Terminates David Cote
David John Cote (CRD# 5806156, New York, New York) is a broker who Morgan Stanley hired on February 28, 2013. David Cote worked as a general securities representative with Morgan Stanley until April 5, 2017. At that point, Morgan Stanley terminated David Cote because he did not follow Morgan Stanley’s policies. Specifically, Morgan Stanley indicated that David Cote engaged in unapproved outside business activities. Apparently, Morgan Stanley did provide Cote permission before person engaged in outside business activities. Also, Morgan Stanley had not approved of David Cote’s involvement with outside accounts and events. Previously, David Cote worked at Sanford C. Bernstein & Co., LLC (New York, New York).
Morgan Stanley Disaffiliates With Jesse Weissberger
Jesse L Weissberger (CRD#: 2328980, Paramus, New Jersey) worked at Morgan Stanley Wealth Management beginning on June 14, 2018. Morgan Stanley discharged Jesse Weissberger on January 18, 2017. Mainly, the firm based its decision on Jesse Weissberger’s failure to follow instructions. Jesse Weissberger allegedly failed to confirm receipt of a customer’s instructions to make a wire transfer from the customer’s account. Morgan Stanley indicated that Jesse Weissberger caused an unauthorized wire transfer, which potentially harmed a customer. Not only that, but she allegedly made false records in reference to the confirmation of the transfer. Jesse Weissberger became a National Securities Corporation broker on February 21, 2017.
If you experienced losses from Morgan Stanley brokers Jill Cade, David Cote, Jesse Weissberger, or another registered representative who has misrepresented investments, sold you unsuitable securities, or misused your investable assets, contact Soreide Law Group at (888) 760-6552 and speak with our qualified counsel about a possible recovery of your losses. Soreide Law Group represents clients nationwide and only charges a fee upon recovery of losses.