The Law Firm of David Chase is reviewing multiple customer allegations of misrepresentation, unsuitable recommendations, excessive trading and over concentration made against Coral Gables, Florida-based Morgan Stanley broker David Garcia Cirilo.
According to FINRA’s BrokerCheck Report, there are several customer complaints that have been made against David Garcia Cirilo in the last few years, which involve allegations of misconduct, including unsuitability, misrepresentation, breach of contract and overconcentration. Morgan Stanley has paid substantial settlements to resolve some of these customer claims. Others remain pending resolution.
A stock broker is legally obligated to make only suitable investment recommendations to his clients. This requires that the stock broker: investigate and conduct due diligence into the investment’s attributes, which include its benefits, risks, and tax consequences, to form a reasonable basis for the recommendation of the financial product. The stock broker must then appropriately match the investment with the customer’s specific profile, which includes investment objectives, risk tolerance, age, sophistication, income needs, and any other relevant factors.
FINRA arbitration is a fast, efficient way to recover your lost investment funds due to stock broker misconduct, including unsuitable investment recommendations (which includes overconcentration), unauthorized trading or churning. The Law Firm of David Chase works on a contingency fee basis, meaning you pay it nothing unless it recovers money for you.
If you invested with David Garcia Cirilo and Morgan Stanley and have lost money doing so, you may be able to recover some or all of your losses. SEC attorney David Chase is experienced in recovering investor losses due to broker/brokerage firm misconduct and mismanagement through FINRA arbitration.
The Law Firm of David Chase represents investors nationwide in FINRA arbitration claims to recover investment losses. If you have questions about your ability to recover your investment losses, contact David Chase at david@davidchaselaw.com or toll-free at (800) 760-0912.
