Investors often face challenges when dealing with financial institutions and brokers. A recent case involving allegations against Alfred Bozzo from Morgan Stanley Smith Barney highlights these challenges. The claimants in the case alleged excessive trading with respect to investments from 2021 to 2023. These allegations were asserted in a counterclaim after a FINRA arbitration panel ordered the claimants to pay an outstanding margin debit balance due in their Morgan Stanley account, along with interest and the legal fees incurred by Morgan Stanley.
Understanding the Allegations
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The allegations against Alfred Bozzo involve “excessive trading,” a term that may not be familiar to many investors. In simple terms, excessive trading refers to a broker making excessive trades in a customer’s account, not for the customer’s benefit, but to generate commissions for the broker. This practice, also known as “churning, ” is considered unethical and illegal.
How FINRA Arbitration Can Help
Investors who believe they have been wronged can turn to FINRA arbitration for help. FINRA, or the Financial Industry Regulatory Authority, provides an arbitration platform for resolving disputes between investors and brokers. This process is often faster and less expensive than traditional litigation, making it a viable option for investors seeking to recover losses.
Haselkorn & Thibaut: Your Legal Advocates
If you find yourself in a situation similar to the claimants in the Alfred Bozzo case, consider reaching out to Haselkorn & Thibaut, a leading investment fraud law firm. With offices in Florida, New York, North Carolina, Arizona, and Texas, they have over 50 years of experience, a 98% success rate, and have successfully recovered financial losses for investors.
- Experience: With over 50 years of experience, Haselkorn & Thibaut have the expertise to handle complex investment fraud cases.
- Success Rate: Their 98% success rate speaks volumes about their commitment to helping investors recover their losses.
- Free Consultation: They offer a free consultation at 1-800-856-3352 to discuss your case and provide guidance.
- No Recovery, No Fee: Haselkorn & Thibaut operate on a “No Recovery, No Fee” policy, meaning you don’t pay unless they successfully recover your losses.
In conclusion, while allegations of excessive trading and other forms of investment fraud can be daunting, remember that there are resources and legal advocates available to help. Don’t hesitate to contact Haselkorn & Thibaut if you need assistance recovering your losses.
