Bruce Plyer – Morgan Stanley – Florham Park, New Jersey
According to the Financial Industry Regulatory Authority (FINRA), the regulator has barred financial advisor Bruce Plyer from the securities industry. FINRA states in the Letter of Acceptance, Waiver and Consent that Plyer “failed to appear and provide FINRA with requested on-the-record testimony in connection with an investigation concerning allegations that he engaged in unauthorized trading in customer accounts.”
Plyer’s broker report states that he was registered with Morgan Stanley in Florham Park, New Jersey from June 2009 until December 2016 when he was dismissed for “Allegations regarding the former registered representative’s execution of trades in clients’ accounts without authorization.”
Further, Plyer has 4 customer complaints listed on his FINRA BrokerCheck report. Allegations include unsuitable and excessive margin trading, and misrepresentation among others. More recently, Plyer was affiliated with International Assets Advisory in Morristown, New Jersey.
For FINRA’s full findings see FINRA case number 2016052649001.
Failure to Supervise
The White Law Group is investigating potential claims involving Bruce Plyer and the liability his employers may have for failure to properly supervise his alleged activities.
Brokerage firms are required to adequately supervise their advisors. They must ensure they are complying with FINRA rules.
When brokers abuse client accounts and conduct transactions that violate securities laws, the brokerage firm they are working with may be liable for investment losses. Brokerage firms that fail to monitor the business activities of their employees may be liable for investment losses due to negligent supervision for the misconduct of their employees.
Brokerage firms can be held responsible for any losses in a FINRA arbitration claim if it is determined that they failed to properly supervise their agent.
Are you concerned about your investments with Bruce Plyer? If so, the attorneys at The White Law Group may be able to help you. For a free consultation with an attorney specializing in investment fraud, please call (888) 637-5510.
The foregoing information, which is all publicly available, is being provided by The White Law Group.
The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Franklin, Tennessee. For more information, please visit our website, www.whitesecuritieslaw.com.
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