Haselkorn & Thibaut, a national investment fraud law firm, has opened an investigation into Morgan Stanley financial advisor Youssef A. Zohny (CRD# 6759406) following concerning regulatory disclosures on his record. If you’ve worked with Mr. Zohny and experienced investment losses or have concerns about your account management, understanding his regulatory history can help you make informed decisions about your next steps.
Who is Youssef A. Zohny?
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Youssef A. Zohny currently works as a stockbroker and financial advisor with Morgan Stanley in San Francisco, California. According to his BrokerCheck profile, he’s been in the securities industry since 2016 and holds several important licenses:
- Securities Industry Essentials (SIE)
- Series 7 – General Securities Representative
- Series 66 – Uniform Combined State Law
He’s registered with 4 self-regulatory organizations and licensed in 20 U.S. states and territories. His career began at Merrill Lynch Pierce Fenner & Smith from December 2016 to January 2021, before joining Morgan Stanley in January 2021, where he remains employed.
Red Flags: Customer Complaints Against Youssef Zohny
What’s particularly concerning about Mr. Zohny’s record is the pattern of customer complaints filed against him. These aren’t just isolated incidents – they represent real investors who’ve alleged serious misconduct and financial harm.
Detailed Breakdown of Customer Complaints
| Date Filed | Alleged Damages | Status | Key Allegations |
|---|---|---|---|
| October 2024 | $250,000 | Pending | Unsuitable investment recommendations, negligence, breach of fiduciary duty |
| August 2024 | $45,600 | Pending | Unsuitable recommendations, breach of fiduciary duty, misrepresentation |
| July 2024 | $100,000 | Pending | Unsuitable investments, negligent supervision, breach of fiduciary duty |
Total alleged damages: $395,600 – and these are just the pending complaints from 2024 alone.
Why These Complaints Matter to Investors
When multiple customers independently file complaints with similar allegations, it often indicates a pattern of problematic behavior. Here’s why each type of allegation is significant:
1. Unsuitable Investment Recommendations
Financial advisors have a fundamental duty to recommend investments that match your risk tolerance, investment timeline, and financial goals. When advisors recommend unsuitable investments, it can devastate retirement plans and financial security. All three pending complaints against Mr. Zohny include this serious allegation.
2. Breach of Fiduciary Duty
As a financial advisor, Mr. Zohny owes his clients a fiduciary duty – meaning he must put clients’ interests ahead of his own. Breaching this duty could involve recommending investments that generate higher commissions rather than those best suited for the client’s needs.
3. Misrepresentation
This allegation suggests that important information about investments may have been misrepresented or not fully disclosed. Investors have the right to understand exactly what they’re investing in, including all associated risks.
4. Negligence and Negligent Supervision
These allegations suggest a failure to exercise reasonable care in managing client accounts and a potential lack of proper oversight by the firm.
What Should Concerned Investors Do?
If you’ve worked with Youssef Zohny and any of these situations sound familiar, you’re not alone. Here are some warning signs that you may have been affected:
- Unexpected losses in your portfolio that don’t align with market conditions
- Investments that seemed too risky for your age or financial situation
- Lack of clear communication about investment strategies or risks
- Pressure to make quick investment decisions without adequate explanation
- Concentration in specific sectors or investment types without proper diversification
Time Limits on Taking Action
It’s crucial to understand that FINRA arbitration claims have strict time limits. Generally, you have six years from the date of the investment transaction to file a claim. However, some circumstances may affect these deadlines, making it essential to act promptly.
How Haselkorn & Thibaut Can Help
With over 50 years of experience in investment fraud cases, Haselkorn & Thibaut has achieved a 98% success rate and recovered millions for clients nationwide. The firm operates on a “no recovery, no fee” basis, meaning you don’t pay unless they successfully recover compensation for your losses.
Their team understands the complexities of securities law and can help you:
- Evaluate whether you have a valid claim
- Gather necessary documentation and evidence
- Navigate the FINRA arbitration process
- Fight for maximum compensation for your losses
Get Your Free Consultation Today
Don’t wait to explore your options. The pattern of complaints against Youssef Zohny suggests that other investors may have similar experiences. You deserve answers and potentially compensation for any losses caused by unsuitable investment recommendations or other misconduct.
Call Haselkorn & Thibaut today at 1-888-885-7162 for a free, confidential consultation. Their experienced attorneys can review your situation and help you understand your legal options. Remember, there’s no fee unless they recover compensation for you.
Your financial future is too important to ignore potential warning signs. If you’ve suffered investment losses while working with Youssef Zohny at Morgan Stanley, take action today to protect your rights and explore your options for recovery.
