Investors have come forward with complaints about securities broker Loren Morrison AKA Loren Justin Morrison [CRD#: 4578161, Southfield, MI]. Evidently, the securities broker, who worked for Stifel Nicolaus Company Incorporated, discloses client disputes via Financial Industry Regulatory Authority (FINRA) BrokerCheck. Notably, Stifel Nicolaus Company Incorporated clients allege that Morrison was negligent, breached a contract, breached a fiduciary duty, and made unsuitable transactions. For more on these disclosures about Morrison, see below.
Loren Morrison Discloses Negligence Allegations By Stifel Nicolaus Company Incorporated Client
Evidently, a client of Stifel Nicolaus Company Incorporated contested Loren Morrison’s sales practices by filing FINRA Arbitration #. 22-01875 on August 19, 2022. Allegedly, Morrison was negligent, breached a contract, breached a fiduciary duty, and made unsuitable transactions. Supposedly, the stock transactions caused the client to sustain damages. Therefore, the client seeks compensatory relief from Stifel Nicolaus Company Incorporated or Morrison in the amount of $1,843,116.64 in this ongoing matter.
Stifel Nicolaus Company Incorporated Investor Accuses Morrison Of Breach Of Fiduciary Duty
Also, on June 14, 2022, a Stifel Nicolaus Company Incorporated client filed FINRA Arbitration #. 22-01330 about Loren Morrison. Namely, the client alleged that Morrison failed to perform due diligence relating to investment recommendations. The client also alleges that Morrison made unsuitable recommendations, was negligent, made excessive transactions, made unauthorized transactions, breached a fiduciary duty, and breached a contract. Because of this, the client allegedly sustained damages on stocks. Therefore, the client requested compensation from Stifel Nicolaus Company Incorporated or Morrison. Evidently, this arbitration is pending a resolution.
Loren Morrison Discloses Excessive Transactions Allegations By UBS Financial Services Client
Additionally, a UBS Financial Services client filed FINRA Arbitration #. 10-01906 about Loren Morrison. Namely, the client alleged that Morrison made unauthorized transactions and excessive transactions. Because of this, the client allegedly sustained damages on equities. Therefore, on May 4, 2010, UBS Financial Services settled this matter by paying the client $25,000.
Loren Morrison worked for LPL Financial in Southfield, MI, as a securities broker from September 9, 2009 to June 3, 2021. Morrison has been associated with Stifel Nicolaus Company Incorporated in Southfield, MI, as a securities broker since May 17, 2021.
Did Stifel Nicolaus Company Incorporated Securities Broker Loren Morrison Cause You To Experience Damages?
Have you experienced damages because of Loren Morrison? If so, contact Soreide Law Group at (888) 760-6552 and speak with a securities lawyer about a possible recovery of your investment 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. Morrison and brokerage firms Morrison worked for deny any and all allegations of sales practice violations.
