Written by The White Law Group• December 5, 2019• 3:47 pm• Blog, Current Investigations

John A. Borsellino Broker Investigation

Financial Advisor John A. Borsellino, Morgan Stanley in Stamford, CT

FINRA Reportedly Suspends John A. Borsellino from Working in the Securities Industry

Are you concerned about investments with John A. Borsellino in Stamford, CT? If so, the securities attorneys at The White Law Group may be able to help you by filing a FINRA Dispute Resolution claim.

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According to the Financial Industry Regulatory Authority (FINRA) on December 4, John A. Borsellino has reportedly been suspended from the securities industry. According to the Letter of Acceptance, Waiver and Consent, between January 2014 and December 2016, Borsellino allegedly “recommended and then made unsuitable securities transactions in eight customers’ accounts, in violation of FINRA Rules.” FINRA’s sanctions reportedly include a $5,000 fine and disgorgement of the commissions received in the amount of $23,931, plus interest in addition to the suspension.

According to his FINRA BrokerCheck report, Borsellino was reportedly affiliated with Morgan Stanley in Stamford, CT from 2009 until 2018 when he was purportedly dismissed over “Concerns about asset movements between, and the timing of trades in, accounts for the same clients with different fee characteristics and whether the representative spoke with the clients before taking these actions.”

Borsellino’s broker report indicates that six customer complaints have reportedly been filed against him during his 27 year career in the securities industry. Allegations include unsuitable investments and misrepresentations, among others.

Investigating Potential Lawsuits

The White Law Group is investigating potential lawsuits regarding the liability that Borsellino’s employers may have for failure to properly supervise him.

When brokers violate securities laws, such as making unsuitable investments, the brokerage firm they are working with may be liable for investment losses through FINRA Arbitration. 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.

The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Franklin, Tennessee.

We represent investors in FINRA arbitration claims in all 50 states, including Connecticut. Our attorneys have recovered millions of dollars from many brokerage firms in the past.