Written by The White Law Group• September 19, 2019• 6:20 pm• Current Investigations

Scott Gunnip Broker Investigation

Financial Advisor Scott Gunnip, Morgan Stanley in South Lake, Texas

Are you concerned about investments with Scott Gunnip in South Lake, Texas? If so, the securities attorneys at The White Law Group may be able to help you by filing a FINRA Dispute Resolution claim.

According to public disclosures on FINRA’s website, Scott Gunnip was reportedly barred from the financial industry for failing to provide testimony in the regulator’s investigation.

Gunnip, who was reportedly registered with Morgan Stanley for his twenty-two year career, was under investigation for allegations that he may have engaged in unsuitable short term trading of long-term securities.

According to his FINRA BrokerCheck report, Gunnip was reportedly affiliated with Morgan Stanley in South Lake, Texas from June 2009 unitl March 2018 when he was allegedly dismissed after allegations that he “may have executed some transactions for non-discretionary client accounts without confirming the trades beforehand in all cases.”

Gunnip reportedly has 3 settled customer complaints listed on his broker report. Allegations include excessive trading and unsuitable investments.

Investigating Potential Claims

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

When brokers violate securities laws, such as making unauthorized or 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 Texas. Our attorneys have recovered millions of dollars from many brokerage firms in the past.