Financial Industry Regulatory Authority (FINRA) BrokerCheck reveals disclosures about securities broker Joel Randy Freedman (CRD#: 1260557, Radnor, Pennsylvania). Freedman has been employed in the securities industry for 40 years and has worked with several firms, including Morgan Stanley (2009-2024). As of April 2024, he is registered with Sanctuary Securities Inc. and Sanctuary Advisors LLC in Radnor, Pennsylvania.
Recent disclosures reveal concerns about Freedman’s conduct, including allegations of unauthorized trading and failure to escalate a client complaint, resulting in a financial settlement.
Client Dispute Alleging Unauthorized Trading – Settled
Specifically, on January 24, 2024, a client of Morgan Stanley alleged that trades were executed in their account without authorization. The dispute, which involved listed equities and options, resulted in a requested damage amount of $1,431,587.00. On March 4, 2024, Morgan Stanley settled the case for $1,308,737.34. Freedman did not personally contribute to the settlement amount.
Employment Separation of Joel Freedman After Allegations
Evidently, on March 14, 2024, Freedman voluntarily resigned from Morgan Stanley following allegations of unauthorized discretionary trading in a client account and failing to escalate a client complaint in a timely manner. The firm cited these allegations as the reason for his departure.
If so, reach out to Soreide Law Group online or call (888) 760-6552 to speak with a securities lawyer. Soreide Law Group works on a contingency basis, advances all costs, and helps clients throughout the United States with recovering losses from sales practice misconduct. Freedman and the firms he worked for deny accusations of sales practice violations.
