Furgison Law Group files FINRA arbitration claim against Merrill Lynch on behalf of customers of financial advisor Matt Howley
/Furgison Law Group investigates claims against Matt Howley related to unsuitable investment recommendations
The securities fraud lawyers at Furgison Law Group recently filed a FINRA arbitration claim against Merrill Lynch, Pierce, Fenner & Smith related to investment recommendations made by Matthew Martin Howley (CRD# 5493709). Our investment fraud attorneys are also currently investigating other claims against Matt Howley, Merrill Lynch and Morgan Stanley. The arbitration attorneys at Furgison Law Group are investigating claims involving allegations of breach of fiduciary duty, unsuitable investment recommendations, failure to supervise, misrepresentations, omissions of material facts, conflict of interests, violations of state and federal securities laws, along with other broker misconduct related to Master Limited Partnerships (MLP) investments, Oil & Gas investments and other Energy Sector investments.
Previous Misconduct and Financial Irresponsibility
According to his CRD, Howley was terminated by Morgan Stanley for “Concerns regarding representative’s approach to working collaboratively and fairly with other firm representatives”. Apparently, Morgan Stanley discovered Howley had engaged in unethical conduct by trying to poach other clients from fellow advisors at Morgan Stanley.
Howley’s CRD report also lists examples of personal financial irresponsibiity and financial distress, including a 2007 Bankruptcy and two San Bernardino County tax liens in 2008.
Investors Have the Right to Recover Their Losses
When investments are sold by brokerage firms licensed by FINRA, they are subject to the laws that FINRA enforces. The brokerage firms are responsible for ensuring that their brokers are trading fairly, ethically and in the best interest of their clients. Ideally, they would accomplish this through careful supervision. Unfortunately, too often this supervision has been inadequate to fully protect investors. If you purchased any investments through a representative of a registered brokerage firm and suffered loses through negligence or fraud, it immediately puts the brokerage firm at fault for failing to supervise their broker. FINRA law then dictates that you can hold the firm legally liable to recover your damages.
Can I recover my investment losses?
If you lost a substantial portion of your retirement savings or other assets as a result of investments purchased through Matt Howley, Merrill Lynch or Morgan Stanley, please contact us immediately. Our investment fraud lawyers have recovered millions of dollars from the largest banks, insurance companies and brokerage firms in the world on behalf of investment fraud victims. You may have certain legal rights that require your immediate attention. Time is of the essence in these claims. The sooner you act, the greater your chances of recovering your investment losses. Don't wait. Contact us TODAY for a FREE Consultation and case evaluation. We will tell you if you have a viable claim worth pursuing.