There are options for customers who suffered investment losses due to former Morgan Stanley broker Kenneth Hutkin (CRD# 1344519). Hutkin has been registered with Wedbush Securities Inc. in New York, New York since 2018. Previously, Hutkin was registered with Morgan Stanley in New York, New York from 2010 to 2018, when he was terminated regarding, “Allegations about involvement in unapproved outside business activities, including payments for some such activities.”
Hutkin has been the subject of four customer complaints between 2002 and 2020, according to his CRD report. The most recent complaint is regarding:
February 2020. “Client alleges, inter alia, that investments were unsuitable 2014-2019. Alleged damages unspecified.” The case is currently pending. The complaint was regarding municipal debt and took place while Hutkin was registered with Morgan Stanley.
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 Hutkin’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If 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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