Raymond Malicki Broker Investigation
According to the Financial Industry Regulatory Authority (FINRA) on March 4, the regulator has barred former Morgan Stanley broker Raymond Malicki for refusing to appear for testimony for its investigation of his departure.
Last month, FINRA requested Malicki appear for testimony related to an amendment to his Form U-4 but Malicki reportedly refused, according to the letter of consent. He agreed to the bar without admitting or denying FINRA’s findings, according to the AWC.
According to his FINRA BrokerCheck report, Malicki was a registered representative with Morgan Stanley in Easton, PA from June 2009 until July 2018 when he was permitted to resign following allegations of “conducting transactions in a client’s account at a third party financial institution.”
Malicki reportedly has 3 customer disputes listed on his broker report. Allegations include misrepresentation, unsuitable investments, and unauthorized trading.
For FINRA’s full finding see FINRA case number #2018058716301.
Investigating Potential Lawsuits
The White Law Group is investigating potential securities fraud claims involving Raymond Malicki and the liability his former employer, Morgan Stanley may have for failure to properly supervise him.
Under FINRA rules and regulations, Broker-Dealers are responsible for supervising the actions of those advisors registered with their firm, and therefore may be held liable for the actions of their Broker(s).
For a free case evaluation or to discuss any other investment losses, please contact the securities attorneys at The White Law Group, at 888-637-5510, or visit us on the web at www.whitesecuritieslaw.com.
The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Franklin, Tennessee.