Barred former Morgan Stanley broker Robert Daly (CRD# 3111426) is accused of stock losses. He was registered with Xtellus Capital Partners, Inc. in New York, New York, from 2023 to 2024, Morgan Stanley in Los Angeles, California, from 2016 to 2023, and J.P. Morgan Securities LLC in Los Angeles, California, from 2009 to 2016.
In October 2024, FINRA barred him after he “consented to the sanction and to the entry of findings that he refused to produce information and documents requested by FINRA during an investigation that originated from a regulatory tip it received related to possible undisclosed private securities transactions.”
Robert Daly Customer Complaints
He has been the subject of two customer complaints in 2024, one of which was denied, according to his CRD report:
September 2024. “Clients’ attorney alleges, inter alia, that purchases in First Republic Bank shares were not in the clients’ best interests. 2021.” The case is currently pending. The complaint was regarding common and preferred stocks, and it took place while he 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 Robert Daly’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.
"*" indicates required fields
