Former Morgan Stanley Financial Advisor Bruce Benjamin Greenwald Investment Losses

Jeff Erez | | Unsuitability

Erez Law is currently investigating Purshe Kaplan Sterling Investments financial advisor Bruce Benjamin Greenwald (CRD# 1413095) regarding unsuitable investment recommendations and misrepresentation. Greenwald has been registered with Purshe Kaplan Sterling Investments in Park City, Utah since July 2016. Previously, he was registered with Morgan Stanley in Pepper Pike, Utah from 2009 to 2016.

Greenwald has been the subject of three customer complaints between 2008 and 2017, according to his CRD report:

  • January 2017. “Claimants alleged, inter alia, misrepresentation and failure to follow instructions with respect to investments – May 2015 to June 2016.” The customer is seeking $800,000 in damages and the case is currently pending.
  • September 2009. “The customers allege misrepresentation and unsuitable investment recommendations.” The customer sought $2,633,500 in damages and the case was settled for $775,000.
  • May 2008. “Client alleges misrepresentation concerning the liquidity of auction market securities. Damages unspecified.” The case was settled for $25,000.

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, Purshe Kaplan Sterling Investments and Morgan Stanley may be liable for investment or other losses suffered by Greenwald’s customers.

Erez Law represents investors in the United States for claims against Purshe Kaplan Sterling Investments financial advisor Bruce Benjamin Greenwald, who is alleged to recommend an unsuitable investment strategy. If you were a client of Purshe Kaplan Sterling Investments financial advisor Bruce Benjamin Greenwald or another firm, and 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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Author: Jeffrey Erez

The founder of Erez Law, Jeffrey Erez, focuses exclusively on securities arbitration and litigation. Mr. Erez passionately believes in representing aggrieved investors and obtaining justice for his clients through litigation.