Suffered Losses From Morgan Stanley Broker Kirk J. Gill?

Morgan Stanley Smith Barney broker Kirk J. Gill (CRD#: 2291503, Tucson, Arizona) reported a FINRA Arbitration #19-00122 from January 11, 2019 concerning his possible unsuitable sales practices. Apparently, Gill or the firm put the Morgan Stanley customer in inappropriate energy stocks between 2011 and 2016. Moreover, the matter contains allegations of Morgan Stanley’s failure to supervise Mr. Gill. Supposedly, the firm did not supervise Mr. Gill’s investment strategy, which was not suitable for the customer. That is, the customer was exposed to too much risk and had large concentrations of investments in the energy sector. Because of this, the customer incurred losses and now seeks compensatory damages.

Here is a summary of other Morgan Stanley customer disputes involving Mr. Gill:

FINRA Arbitration # 18-00762 Alleging Kirk Gill’s Unsuitable Investments

A Morgan Stanley Smith Barney customer brought FINRA Arbitration #18-00762 alleging Mr. Gill’s unsuitable investments. Allegedly, Mr. Gill put the Morgan Stanley Smith Barney customer in bad corporate debt, direct investments and equities. Evidently, on November 20, 2018, the firm settled the customer’s claim by paying the customer $185,000.00 in damages.

FINRA Arbitration #17-00335 Alleging Kirk Gill’s Bad Advice

On January 29, 2018 a Morgan Stanley customer brought FINRA Arbitration #17-00335. Specifically, the customer claimed that Mr. Gill made “unsuitable recommendations.” Supposedly, Mr. Gill urged the customer to buy risky stocks when they were not reasonable investments for the customer. As a result, Morgan Stanley chose to settle the claim on November 20, 2018 by paying the customer $150,000.00.

FINRA Arbitration #16-0158 Alleging Kirk Gill’s Unsuitable Over-Concentration Of Equities

Evidently, another customer of Morgan Stanley contested Mr. Gill’s sales practices through filing FINRA Arbitration #16-01758. Specifically, this matter dated June 27, 2016 concerned Mr. Gill’s unsuitable concentrations of equities in a customer’s investment account. Allegedly, Mr. Gill did not diversify the customer’s assets. Instead, between 2010 and 2016, Mr. Gill heavily invested the customer’s assets in risky stocks. Eventually, Morgan Stanley settled the customer’s unsuitability allegations by providing the customer $21,000.00 in compensation.

Notably, customer disputes involving Mr. Gill have settled for more than $1,000,000 in damages. Indeed, most of the customers claimed that it was not suitable for their money to be invested in risky, speculative investments. Mr. Gill allegedly put customers in investments including exchange traded funds, stocks, and OTC equities.

First Financial Terminates Kirk Gill For Violating Heightened Supervision Arrangement

Apparently, Mr. Gill was a general securities representative for Morgan Stanley  between June 13, 2007 to to April 14, 2016. Later, First Financial Equity Corporation employed Mr. Gill. Eventually, the brokerage firm disaffiliated with Mr. Gill because he did not comply with its special supervision arrangement.

Lars Soreide Highest Ethical Standard Award 2018

Lars Soreide Highest Ethical Standard Award 2018

Evidently, Mr. Gill is now a registered securities representative of Taylor Capital Management. Experienced losses by investing with Mr. Gill? If so, contact Soreide Law Group at (888) 760-6552 and speak with experienced counsel about a possible recovery of your investment losses. Our firm has recovered millions of dollars for investors who have suffered losses due to broker and brokerage firm misconduct. We represent clients on a contingency fee basis and advance all costs.