STEPHEN ROBERT MAROTTO (STEPHEN R MAROTTO, STEPHEN MAROTTO, STEVE MAROTTO) is currently registered with MORGAN STANLEY in San Francisco, California. Marotto has been registered both as a broker and as an investment advisor with MORGAN STANLEY since 4/28/2023. He was previously registered with FIRST REPUBLIC INVESTMENT MANAGEMENT, INC of San Francisco, California, as an investment advisor from 02/13/2014 - 05/19/2023 and as a broker with FIRST REPUBLIC INVESTMENT MANAGEMENT, INC. of San Francisco, California, from 02/13/2014 - 05/19/2023.
According to FINRA’s BrokerCheck, available to the public on FINRA’s website, STEPHEN R MAROTTO, has 12 years of experience in the securities industry and has been listed with 3 firms. Marotto has 3 disclosures on his FINRA CRD report, all 3 are “Customer Disputes,” 1 dispute was denied and 2 are pending.
There is a pending “Customer Dispute” filed against STEPHEN R MAROTTO dated 12/12/2024. The allegations are, “CUSTOMERS ALLEGES MISREPRESENTATION, UNAUTHORIZED TRADING AND SUITABILITY. ACTIVITY DATES 1-1-2019 - 6-9-2023.” The damage amount requested is $550,049.00.
According to the FINRA CRD report, there is another “Customer Dispute” filed against STEPHEN R MAROTTO dated 2/26/2025. The allegations are, “CUSTOMERS ALLEGE MISREPRESENTATION AND UNSUITABLE INVESTMENT RECOMMENDATION. ACTIVITY DATES AUGUST 2021-MAY 2024.” The damage amount requested is $200,000.00.
According to FINRA, the Rule 2111 requires, in part, that a broker/dealer, financial advisor or associated person "have a reasonable basis to believe that a recommended transaction or investment strategy involving a security or securities is suitable for the customer, based on the information obtained through the reasonable diligence of the [firm] or associated person to ascertain the customer's investment profile." A customer's investment profile would include the customer's age, other investments, financial situation and needs, tax status, investment objectives, investment experience, investment time horizon, liquidity needs and risk tolerance. The rule also covers recommended investment strategies involving securities, including recommendations to "hold" securities. FINRA states that the rule identifies the three main suitability obligations: reasonable-basis, customer-specific, and quantitative suitability.
To discuss this article or any other securities related issues, contact Soreide Law Group and speak to an experienced securities lawyer at no cost: 888-760-6552.
Soreide Law Group represents our clients nationwide before FINRA on a contingency fee basis, no fee if no recovery.
Soreide Law Group is investigating potential investor claims involving Cove Capital 1031 Delaware Statutory Trust (DST) investments and whether brokers improperly recommended these specific tax-deferred real estate offerings. Cove Capital 1031 DSTs are structured investments that allow investors to reinvest proceeds from the sale of real estate into fractional interests in institutional-grade properties while deferring […]
Investors might have sustained losses due to securities broker Marc Charles Koch [CRD: 4978078, New York, New York], given the publicly available information found on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Koch worked for Morgan Stanley from March 30, 2023, to the present, First Republic Investment Management Inc. from November 7, 2022, to April 25, […]
Investors potentially incurred losses because of securities broker Stephen Charles Newell Hlibok (also known as Stephen Hlibok and Steve Hlibok) [CRD: 1728900, Columbia, Maryland], according to disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Hlibok worked for Merrill Lynch Pierce Fenner Smith Incorporated from September 25, 1987, to the present as a broker, and from […]
Phone:
Fax: 1-954-760-6553
Email: info@securitieslawyer.com