Erez Law is currently investigating Morgan Stanley broker Joel Freedman (CRD# 1260557), who is accused of unauthorized trades. He has been registered with Morgan Stanley in West Conshohocken, Pennsylvania, since 2009.
In May 1991, National Association Of Securities Dealers, Inc. sanctioned him to a pay $500 monetary fine regarding, “the net capital violation was caused by a $4,000 subordinated loan, which was deposited by the firm on july 30, 1990 which was not approved by the NASD until August 2, 1990.”
Joel Freedman Customer Complaints
He has been the subject of one customer complaint, according to his CRD report:
January 2024. “Client alleges, inter alia, that there were trades executed in his account that were unauthorized 2023-2024.” The customer is seeking $1,431,587 in damages, and the case is currently pending. The complaint was regarding options and common and preferred stock losses.
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 Joel Freedman’s 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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