Investors might have sustained losses because of securities broker Trevor Alexander Fried [CRD: 5709772, Fort Lauderdale, Florida], according to disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Evidently, Trevor Fried has been registered with Morgan Stanley at its Fort Lauderdale, Florida branch since November 12, 2009, serving as both a broker and investment adviser. Keep reading to discover more about the disclosures involving Fried and the allegations tied to his investment activities.
Particularly, on August 9, 2024, a Morgan Stanley client filed FINRA Arbitration No. 24-01723 about Trevor Fried. The client alleged that Fried made misrepresentations of material fact relating to a covered call option trading strategy during the period of August 2023 through January 2024. Because of this, the client allegedly sustained damages on options. Therefore, the client requested compensation from Morgan Stanley or Fried. Evidently, this arbitration is pending a resolution.
When a securities broker or financial advisor misrepresents an options trading strategy, it means they provide false, misleading, or incomplete information about how the strategy works, what the potential risks are, or the likelihood of achieving certain returns. For example, with a covered call option strategy, a broker might suggest it offers “safe” income while failing to disclose the downside risks if the market moves against the underlying security. Misrepresentation can lead investors to make decisions without fully understanding the potential for loss, especially with complex products like options. Such allegations are taken seriously by regulators because they suggest the client may not have received honest or complete advice.
Did you experience losses because of Trevor Fried? Feel free to contact Soreide Law Group online or at (888) 760-6552. Speak with a securities lawyer about a possible recovery of your investment losses. Soreide Law Group is experienced with recovering losses for clients located throughout the United States. The firm takes cases on a contingency fee basis and advances all costs. Fried and any securities broker dealers / investment advisories Fried worked for deny accusations of sales practice violations.
Moors & Cabot, Inc. (CRD 594) is a brokerage firm based in Boston, Massachusetts. FINRA censured and fined the firm $125,000 after finding it failed to develop and implement an anti-money laundering compliance program reasonably expected to detect and report suspicious transactions, according to an AWC issued August 24, 2026.
Cowen and Company, LLC (CRD 7616), now part of TD Securities (USA) LLC, is a brokerage firm based in New York, New York. FINRA censured and fined the firm a total of $80,000, of which $40,000 is payable to FINRA, according to an AWC issued August 19, 2026.
Webull Financial LLC (CRD 289063) is a brokerage firm based in New York, New York. FINRA censured and fined the firm $115,000 after finding it maintained inaccurate books and records of options order origin codes, according to an AWC issued August 17, 2026.
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