WARNING TO INVESTORS—Jeffrey Joseph McDonald, A Financial Advisor At Morgan Stanley In Palm Harbor, FL, Has Been The Subject Of Eight Customer Complaints
The Wolper Law Firm is currently investigating claims against Jeffrey McDonald, a Financial Advisor at Morgan Stanley in Palm Harbor, FL.
Since 2010, Jeffrey McDonald has been the subject of three (3) customer complaints with allegations that he recommended unsuitable investments and engaged in excessive trading in a customer’s account. Jeffrey McDonald is the subject of a pending customer complaint for the alleged “recommendation to purchase and hold an equity investment in trust account” where alleged damages are $250,000.
FINRA rules require that Financial Advisors only recommend suitable investments to their customers. This requires Financial Advisors to carefully assess a customer’s investment objectives and risk profile and determine whether recommended investments comply with that criteria. In the absence of this determination, both a Financial Advisor and his/her employing brokerage firm may be held liable for investment losses.
If you or someone you know was a customer of Jeffrey McDonald and you experienced investment losses, please contact the Wolper Law Firm at 800.931.8452 or by email at firstname.lastname@example.org to discuss your specific situation and the legal options available. The Wolper Law Firm represents investors nationwide in securities litigation and arbitration.