Erez Law is currently investigating former Morgan Stanley broker Christian De Berardinis (CRD# 4312327) regarding selling away. He was registered with Morgan Stanley in New York, New York, from 2015 to 2023, when he was terminated regarding, “Allegations of involvement with offers or sales of a security not approved by the firm.”
In September 2024, FINRA sanctioned him to pay a $15,000 civil and administrative penalty and fine, $22,500 in disgorgement, and suspended him for two years after he “consented to the sanctions and to the entry of findings that he participated in private offerings of securities that raised $2.45 million from customers of his member firm without providing prior written notice to or receiving approval from his firm.” FINRA found that he “introduced the firm customers to the CEO of a dairy company and recommended that they invest in the company. De Berardinis also facilitated the customers’ investments by providing them with information about the investment. In some cases, De Berardinis assisted customers with paperwork and, at his customers’ requests, transferred funds from the customers’ firm accounts to the company to fund their investments.”
Christian De Berardinis Customer Complaints
He has been the subject of one customer complaint, according to his CRD report:
March 2023. “Claimants allege, inter alia, the financial advisor solicited outside investment opportunities not authorized from the firm from February 20, 2020 to March 1, 2023.” The customer sought $6,500,000 in damages, and the case was settled for $1,350,000.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Morgan Stanley may be liable for investment or other losses suffered by Christian De Berardinis’ customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations, and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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