David R. Chase, P.A.
Call Us Now: 800-760-0912
David R. Chase, P.A.
Call Us Now: 800-760-0912



The Law Firm of David Chase is currently reviewing customer complaints made against former Miami, Florida-based Morgan Stanley broker Edward L Barger that allege misrepresentation, unauthorized trading and unsuitable recommendations.

According to FINRA’s BrokerCheck report on Barger, a complaint alleging misrepresentation and unsuitable recommendations relating to equity listed investments was filed in August of 2017, with damages alleged of approximately $400,000 — the complaint is currently pending.

Another customer complaint against Barger alleging $200,000 in damages was filed in May of 2017, which also alleged unsuitable investment recommendations.

In yet another customer claim filed against Morgan Stanley for Barger’s alleged unsuitable recommendations in 2015, Morgan Stanley settled the case for $70,000.

Among other investment principles, stock brokers are required to recommend only suitable investments to their clients. This requires the financial advisor to investigate and conduct due diligence regarding the investment so that she understands its essential qualities, including its risk factor and tax consequences.  The advisor must then match the investment with the customer’s profile to ensure that it is suitable for him, taking into account the customer’s stated investment objectives, age, sophistication and risk tolerance, among other considerations.

A stock broker’s misrepresentation or omission of a material fact made in connection with an investment recommendation to a customer may form the basis for a claim to recover losses in that investment in FINRA arbitration.

FINRA arbitration is a fast, efficient way to recover your lost investment funds due to stock broker misconduct, including unauthorized trading or unsuitable recommendations. 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 Edward L Barger and Morgan Stanley and have lost money doing so, you may be able to recover some or all of your losses in FINRA arbitration. David Chase is experienced in recovering investor losses due to financial advisor and brokerage firm misconduct and mismanagement.

The Law Firm of David Chase represents nationwide defrauded investors in cases to recover their investment losses. If you have questions about your ability to recover your investment losses, please contact David Chase for a free consultation at david@davidchaselaw.com or toll-free at (800) 760-0912.


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