Haselkorn & Thibaut (investmentfraudlawyers.com), a national securities fraud law firm with over 50 years of combined experience, a 98% success rate, and millions recovered for investors, has launched an investigation into the recent activities and client complaints involving Joseph Alfred Genzardi (CRD #1739606 – FINRA BrokerCheck), a registered financial advisor currently associated with Morgan Stanley (CRD #149777), based in New York, NY.
Who Is Joseph Alfred Genzardi?
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Joseph Alfred Genzardi is an experienced stockbroker and financial advisor, registered as a General Securities Principal, General Securities Representative, and Registered Options Principal. He has been with Morgan Stanley since June 2019, operating from their New York office at 1585 Broadway. Over his career since 1987, Mr. Genzardi’s registration history has included several major firms:
- Morgan Stanley (06/2019–Present)
- Morgan Stanley & Co. LLC (06/2009–06/2019)
- Citigroup Global Markets Inc. (01/2003–06/2009)
- America First Associates Corp. (04/1997–02/2003)
- Brookehill Equities, Inc. (06/1995–04/1997)
- Ladenburg Thalmann & Co., Inc. (12/1992–06/1995; 02/1991–09/1991)
- Lehman Brothers Inc. (08/1991–12/1992)
- Global America Inc. (05/1989–02/1991)
- D.H. Blair & Co., Inc. (09/1987–05/1989)
Key Complaints & Disputes Involving Joseph Genzardi
It is vital for investors to regularly review the disciplinary and complaint history of current and potential advisors. According to publicly available records and current investigations, the following recent matter should be noted:
| Filing Date | Status | Allegations | Claimed Damages | Product Type |
|---|---|---|---|---|
| June 2025 | Pending |
|
$5,000,000 (sought by claimant) | Private Securities (Preferred Stock) |
This pending dispute was filed by a Morgan Stanley client. The investigation claims the advice and recommendation concerning a preferred stock product did not align with the client’s objectives and best interests.
Understanding the Allegations – What Does It Mean for Investors?
- Suitability (FINRA Rule 2111): Advisors must ensure that recommendations are suitable for the client, considering their financial needs, objectives, risk tolerance, and investment profile.
- Regulation Best Interest (Reg BI): Broker-dealers are obligated to act in the best interests of retail customers when making recommendations about securities transactions or investment strategies.
- Breach of Fiduciary Duty: This occurs when an advisor does not act with the highest standard of care or in the best interest of the client.
- Misrepresentation/Omission: This involves failing to fully or accurately disclose all material facts related to an investment.
These are serious allegations, and they underscore the importance for every investor to carefully monitor the professional conduct and complaint record of anyone handling their finances.
Red Flags for Investors Considering or Working With Joseph Genzardi
Investors should always be vigilant and look for the following warning signs:
- Pending Customer Disputes: Especially for large dollar amounts ($5,000,000) and recent claims related to suitability.
- Recommendations to Invest in Complex or Illiquid Products: For example, private securities or preferred stock not widely used.
- Lack of Transparent Communication: Any failure to clearly explain investment risk, suitability, or product details.
- Multiple Prior Associations: Frequent moves across multiple firms may warrant closer review of an advisor’s history.
What Can You Do if You Have Concerns?
If you are a current or former client of Joseph Alfred Genzardi, or simply want to better understand your rights in situations like these, you may be entitled to file a claim to recover losses.
- Your complaint can be submitted through FINRA arbitration — a well-established process that allows investors to pursue damages from financial advisors and brokerage firms for misconduct or negligence.
- Compensation may include recovery of investment losses, interest, legal costs, and other related damages—depending on your unique circumstances.
- Acting promptly is critical. Statutes of limitation and claim windows can mean forfeiture of your right to seek redress if you wait too long.
Why Choose Haselkorn & Thibaut?
With over five decades of experience, a 98% success rate, and a “No Recovery, No Fee” model, Haselkorn & Thibaut stands ready to help investors nationwide. Our team has successfully recovered millions of dollars for clients who have suffered losses due to investment misconduct.
We understand how stressful and frustrating it can be when you believe your investments have not been managed in your best interest. Our attorneys are here to provide empathetic, effective, and professional guidance throughout the process, from initial consultation through potential recovery.
Your Next Step: Free Consultation
If you lost money investing with Joseph Alfred Genzardi at Morgan Stanley in New York, NY—or if you have questions about how your account has been managed—now is the time to take action.
- Contact Haselkorn & Thibaut for a COMPLIMENTARY & CONFIDENTIAL consultation.
- There are no upfront fees, and you pay nothing unless we are successful in recovering your losses.
Call Haselkorn & Thibaut today at 1-888-994-8066 to speak directly with an experienced investment fraud attorney.
Protect your financial future. Understand your options. Let our experience work for you.
