Investors File Disputes About Roy Budd

Soreide Law Group is investigating possible investor claims against securities broker Roy Budd [CRD: 34635, Little Falls, New Jersey]. Specifically, Financial Industry Regulatory Authority (FINRA) BrokerCheck discloses that investors disputed the sales practices of the securities broker, who worked for Morgan Stanley Smith Barney. For example, clients alleged unsuitable recommendations. Here is a brief summary of the disclosures about Budd.

Morgan Stanley Smith Barney Investor Accused Roy Budd Of Unsuitable Recommendations

Notably, a Morgan Stanley Smith Barney client filed FINRA Arbitration: 21-02778 about Roy Budd. Namely, the client alleged that Budd made unsuitable recommendations. Because of this, the client allegedly sustained damages on mutual funds. Therefore, on June 23, 2022, Morgan Stanley Smith Barney settled this matter by paying the client $53,000 in damages.

Salomon Smith Barney Investor Accused Roy Budd Of Failure To Supervise

Also, a Salomon Smith Barney client filed NASD Arbitration: 01-02694 about Roy Budd. Namely, the client alleged that Budd failed to supervise certain registered representatives. Because of this, the client allegedly sustained damages on equities and variable annuities. Therefore, on November 1, 2002, Salomon Smith Barney settled this matter by paying the client $420,000 in damages.

Budd Employment Information

• Budd has worked for Morgan Stanley in Little Falls, NJ, as a securities broker since June 1, 2009.
• Budd has worked for Morgan Stanley in Little Falls, NJ, as a financial advisor since June 1, 2009.

Damages Resulting From Morgan Stanley Smith Barney Securities Broker Roy Budd?

Have you experienced damages because of Roy Budd? If so, contact Soreide Law Group at (888) 760-6552 and speak with a securities attorney about the potential recovery of your investment losses or other damages. Soreide Law Group, who has effectively recovered money for hundreds of investors in all 50 states, represents clients on a contingency fee basis and advances costs. Budd and brokerage firms Budd worked for deny accusations of sales practice violations.