Soreide Law Group is looking into potential claims on behalf of investors who have suffered losses because of Nordo Mauro Nissi [CRD: 1666385, York, Maine]. Evidently, Nissi worked for M. S. Howells Co. and Morgan Stanley. Notably, Nissi's record is marked by multiple client complaints and a regulatory action. Below, investors will find details on the disclosures linked to Nordo Nissi.
Morgan Stanley Client's Omissions Allegations Against Nissi
A Morgan Stanley investor filed FINRA Arbitration No. 20-00294, targeting Nordo Nissi. The investor claimed Nissi made unsuitable recommendations as well as omissions and misrepresentations about investments. Additionally, the claim included allegations of insufficient supervision by Morgan Stanley, leading to losses in variable annuities. Morgan Stanley settled this case by compensating the client $55,000 on June 27, 2022.
Nordo Nissi's Disciplinary History In Massachusetts
Massachusetts took action against Nordo Nissi on October 11, 2018, due to sixteen disclosure incidents, comprising three client complaints, two bankruptcy disclosures, nine tax liens, and one employment termination. As a result, Nordo Nissi was placed under heightened supervision for up to five years as an investment adviser representative.
MSSB Client's Unsuitability Allegations Against Nissi
Also, an MSSB client disputed Nordo Nissi's sales practices, citing unsuitable investment activities from April 2012 to June 2015. The client, who experienced losses in variable annuities, sought compensatory relief from MSSB or Nissi. However, the complaint was ultimately denied without any settlement or contribution from Nissi.
Unauthorized Trading Allegations By Morgan Stanley Smith Barney Client Against Nissi
A Morgan Stanley Smith Barney client accused Nordo Nissi of unauthorized trading in equities and closed-end funds between May and July of 2009. The client sought $12,000 in compensation from the firm or Nissi. This complaint, too, was denied without any settlement or contribution from Nissi.
Nissi's Termination From Morgan Stanley Wealth Management
Nordo Nissi voluntarily resigned from Morgan Stanley Wealth Management on April 9, 2018, after allegations emerged regarding his undisclosed involvement with an outside registered investment advisor, leading to his termination from the firm.
Seeking Compensation For Losses Caused By Nissi
If you've encountered losses due to Nordo Nissi's actions, consider reaching out to Soreide Law Group online or at (888) 760-6552. Explore your options for potentially recovering your investment losses with a securities attorney. Soreide Law Group, advocating for investors nationwide on a contingency fee basis, advances all costs. Nissi and his past employers refute all allegations of sales practice violations.