May 25, 2023

John Rochester Discloses Allegations Of Breach Of Fiduciary Duty

an older woman looks sad because of bad stock broker advice

Investors have come forward with complaints about securities broker John Rochester (CRD: 2128760, Santa Fe, New Mexico). Evidently, the securities broker, who worked for Morgan Stanley, discloses client disputes via Financial Industry Regulatory Authority (FINRA) BrokerCheck. Evidently, Morgan Stanley clients allege that Rochester breached a fiduciary duty, made misrepresentations, made unsuitable recommendations, failed to perform due diligence, breached a contract, and acted unethically. For more on these disclosures about Rochester, see below.

Rochester Discloses Breach Of Fiduciary Duty Allegations By Morgan Stanley Client

Specifically, a client of Morgan Stanley contested John Rochester’s sales practices by filing FINRA Arbitration: 21-02264. Allegedly, Morgan Stanley breached a fiduciary duty, made misrepresentations, gave unsuitable advice, failed to perform due diligence, breached a contract, and acted unethically. It appears that Rochester caused the client to sustain damages. Therefore, FINRA Arbitrators issued an Award dated March 23, 2023, compelling Morgan Stanley to compensate the client in the amount of $554,834.70.

John Rochester Discloses Misrepresentation Allegations By Morgan Stanley Client

Also, a client of Morgan Stanley contested John Rochester’s sales practices, according to a complaint. Allegedly, Rochester made misrepresentations. Supposedly, Rochester caused the client to sustain damages on variable annuities. Therefore, Morgan Stanley opted to settle the matter on January 15, 2010, by compensating the client in the amount of $60,223.78.

Rochester Employment Information

  • Rochester has worked for Morgan Stanley in Santa Fe, New Mexico, as a securities broker since June 1, 2009.
  • Rochester has worked for Morgan Stanley in Santa Fe, New Mexico, as a financial advisor since June 1, 2009.

Did Morgan Stanley Securities Broker John Rochester Cause You To Experience Damages?

Have you experienced damages through John Rochester? If so, reach out to Soreide Law Group at (888) 760-6552 and speak with an investment lawyer about a possible recovery of your losses. Soreide Law Group, who has successfully recovered money for hundreds of investors in all 50 states, represents clients on a contingency fee basis and advances all costs. Rochester and brokerage firms Rochester worked for deny accusations of sales practice violations.

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