Morgan Stanley’s Paul Perez Allegedly Made Unsuitable Stock Trades

Soreide Law Group has come across troubling information relating to Morgan Stanley broker Ramon “Paul” Perez (CRD#: 4381979, Houston, Texas). Most importantly, the broker, who also goes by the name Paul Perez-Hoffman, reports two client disputes on Financial Industry Regulatory Authority (“FINRA”) BrokerCheck. Notably, these disputes suggest that Perez could have made bad trades in his clients’ accounts and caused their losses. Here’s more:

Morgan Stanley Client Suggests Paul Perez Sold Unsuitable Investments

First of all, multiple Morgan Stanley clients brought FINRA Arbitration #: 19-00443 on February 11, 2019. Notably, the clients suggested that Paul Perez gave bad advice about stocks. Supposedly, Perez may not have taken into account things like his clients’ risk tolerances, investment objectives, and more. The clients indicated that trades Perez made from 2014 to 2019 caused their losses. For this reason, Morgan Stanley agreed to settle the matter through a payment of $59,000 on October 28, 2019.

Wells Fargo Client Suggests Perez Made Bad Corporate Debt Trades

Apparently, clients at Morgan Stanley are not the only ones to complain about Perez. Evidently, Paul Perez worked for Wells Fargo Investments before joining Morgan Stanley. Apparently, a client at that securities firm contested his sales practices in 2006. Namely, the client indicated that Perez sold unsuitable closed end funds and corporate debt investments. Supposedly, Perez’s trading caused the client’s losses. For this reason, the client requested compensation. However, Wells Fargo denied the claim.

Bad Advice From Paul Perez?

Lars Soreide Highest Ethical Standard Award 2018

Lars Soreide Highest Ethical Standard Award 2018

Did Paul Perez possibly cause your losses by making bad recommendations or unsuitable trades? If you experienced losses from Perez, Soreide Law Group at (888) 760-6552. You will be able to speak with experienced counsel about a potential recovery of your investment losses. Soreide Law Group represents clients on a contingency fee basis and advances all costs. The firm has recovered millions of dollars for investors who have suffered losses due to misconduct of brokers and brokerage firms.