Investors have come forward with complaints about Loren Morrison (also known as Loren Justin Morrison) (CRD: 4578161, Southfield, Michigan). Particularly, the securities broker, who worked for Stifel Nicolaus Company Incorporated, discloses client disputes via Financial Industry Regulatory Authority (FINRA) BrokerCheck. Evidently, Stifel Nicolaus Company Incorporated clients allege that Morrison violated state laws, made unsuitable recommendations, breached a contract, breached fiduciary duties, and was negligent. For more on these disclosures about Morrison, see below. However, keep in mind that Morrison denies the allegations.
Loren Morrison Discloses Violation Of State Law Allegations By Stifel Nicolaus Company Incorporated Client
Particularly, a client of Stifel Nicolaus Company Incorporated contested Loren Morrison’s sales practices by filing FINRA Arbitration: 22-02732 on November 30, 2022. Allegedly, Morrison provided unsuitable advice, breached a contract and fiduciary duty, and acted negligently. It appears that Morrison caused the client to sustain damages on common and preferred stocks. Therefore, the client seeks compensatory relief from Stifel Nicolaus Company Incorporated or Morrison in this ongoing matter.
Stifel Nicolaus Company Incorporated Investor Accuses Morrison Of Negligence
Also, on August 19, 2022, a Stifel Nicolaus Company Incorporated client filed FINRA Arbitration: 22-01875 about Loren Morrison. Namely, the client alleged that Morrison was negligent, breached a contract, breached fiduciary duties, and made unsuitable recommendations. Because of this, the client allegedly sustained damages on common and preferred stocks. Therefore, the client requested $1,843,116.64 in compensation from Stifel Nicolaus Company Incorporated or Morrison. BrokerCheck shows that this arbitration is pending a resolution.
Loren Morrison Discloses Unauthorized Trading Allegations By Stifel Nicolaus Company Incorporated Client
Additionally, a client of Stifel Nicolaus Company Incorporated contested Loren Morrison’s sales practices by filing FINRA Arbitration: 22-01330 on June 14, 2022. Allegedly, Morrison failed to perform due diligence, made unsuitable recommendations, engaged in excessive and unauthorized trading, and breached fiduciary duties and a contract. It appears that Morrison caused the client to sustain damages on common and preferred stocks. Therefore, the client seeks compensatory relief from Stifel Nicolaus Company Incorporated or Morrison in this ongoing matter.
UBS Financial Services Inc. Investor Accuses Morrison Of Excessive Trading
Evidently, a UBS Financial Services Inc. client filed FINRA Arbitration: 10-01906 about Loren Morrison. Namely, the client alleged that Morrison engaged in excessive and unauthorized trading. Because of this, the client allegedly sustained damages on equities. Therefore, on March 22, 2011, UBS Financial Services Inc. settled this matter by paying the client $25,000 in damages.
- Morrison has worked for Stifel Nicolaus Company Inc. in Southfield, MI, as a securities broker and financial advisor since May 17, 2021.
- Morrison worked for LPL Financial LLC in Southfield, MI, as a securities broker and financial advisor from September 2009 to June 2021.
Did Stifel Nicolaus Company Incorporated Securities Broker Loren Morrison Cause You To Experience Damages?
Have you experienced damages through investing with Loren Morrison? If so, contact Soreide Law Group at (888) 760-6552 and talk with a securities attorney about a possible recovery of your investment losses. Soreide Law Group, who has successfully recovered money for hundreds of investors throughout the United States, represents clients on a contingency fee basis and advances all costs. Morrison and those firms Morrison worked for deny any and all allegations of sales practice violations.
