Clients Of Morgan Stanley Allege Excessive, Unsuitable Trading By Neil Kaplan
Soreide Law Group comes to you with new information relating to the FINRA BrokerCheck disclosures on securities broker Neil Stanley Kaplan (CRD#: 1615516, Bethesda, Maryland). Particularly, Kaplan worked as a Morgan Stanley securities broker from 2009 to 2017. Here is a brief summary of the disclosures involving allegations of unsuitable transactions and excessive trading.
Neil Kaplan's Client At Morgan Stanley Smith Barney Alleges Excessive Trading, According To Arbitration Claim
Evidently, a Morgan Stanley Smith Barney client took aim at Neil Kaplan’s sales practices as a securities broker, as the client filed an investment dispute in August 2021. Particularly, the securities firm or broker is accused of excessive trading. Supposedly, the client experienced damages stemming from Kaplan’s inappropriate sales practices relating to common stocks and preferred stocks. Therefore, the client demands that the securities firm compensate them in the amount of $240,000. It appears that this matter is currently unresolved.
Morgan Stanley Smith Barney Client Alleges Unsuitable Trading By Neil Kaplan
Notably, FINRA BrokerCheck shows that a Morgan Stanley Smith Barney client objected to Neil Kaplan’s sales practices, per an investment dispute dated December 2017. Mainly, the client makes allegations of unsuitable corporate bonds. Supposedly, the client sustained damages because of investing in 2015 through the securities broker. Ultimately, the securities firm disagreed with the allegations but settled the matter in March 2020 by paying the client $15,000.
Losses Through Kaplan?
Did you realize losses because of securities broker Neil Kaplan? You should contact Soreide Law Group at (888) 760-6552 and speak with a helpful securities attorney about possibly recovering your losses. Soreide Law Group handles investor dispute cases on a contingency fee basis and advances all costs. The firm has recovered substantial compensation for hundreds of US investors that have sustained losses from financial advisors or securities brokers. Please note that Kaplan denies all accusations of sales practice violations.
