Matthew Singer Barred by FINRA

Matthew Singer, a former broker of Morgan Stanley, was barred recently from the securities industry by the Financial Industry Regulatory Authority (“FINRA”), for failing to appear before the regulator at a hearing to investigate his options trading for his clients.  Mr. Singer was fired by Morgan Stanley in March 2016 based upon Morgan Stanley’s “concerns” about his behavior in a client arbitration claim.

Although it is unclear specifically which customer complaint ultimately resulted in Morgan Stanley terminating Mr. Singer, there are, to date, three different complaints which have been made against Mr. Singer by his current or former clients.  Those complaints include allegations including that Mr. Singer made investment recommendations to his clients which were unsuitable for the client’s tolerance for risk, that Mr. Singer made trades which the client’s did not agree to or authorize, and that Mr. Singer made misrepresentations regarding options investments. 

Unfortunately, when brokers act improperly with some clients, as Mr. Singer has been accused of doing by at least three different clients, they often do so with many clients.  If you are or were a client of Mr. Singer and believe you may have been inappropriately invested or otherwise lost money with him, contact the law firm of Shepherd, Smith, Edwards & Kantas LLP for a free, no obligation evaluation of your account to determine if you might have a claim to attempt to recover some or all of your losses.  All communications will be kept strictly confidential, and you will not be billed in any way for a consultation. 

Shepherd, Smith, Edwards & Kantas LLP has a team of attorneys, consultants and staff with more than 100 years of combined experience in the securities industry and in securities law. For more than two decades, our firm has represented thousands of investors nationwide to recover losses.

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