The securities and investment fraud law firm Fitapelli Kurta is interested in speaking to investors who have complaints regarding California-based Morgan Stanley broker/investment adviser Eugene N. Gordon.
Eugene N. Gordon (CRD# 4744448) has spent 17 years in the securities industry and is a registered broker in 18 US states. Mr. Gordon is presently registered with Morgan Stanley in Palo Alto, California, where he has been employed since 2009. From 2004-2009 he was registered with Palo Alto’s Citigroup Global Markets, Inc.
According to Eugene N. Gordon’s BrokerCheck report, he is the subject of one customer complaint.
In March 2014, a customer alleged that from 2005 to 2013, Mr. Gordon breached his fiduciary duty by offering inaccurate retirement advice with regard to the customer’s active assets account. The customer seeks $8,635,769 in damages and the complaint is currently pending arbitration with the Financial Industry Regulatory Authority (FINRA).
According to federal securities law, broker has a duty to make investment recommendations that are suitable to the investor, meaning they must consider the client’s age, investment experience, income, and risk tolerance, among other factors. The broker must also provide all information that might inform the investor’s decisions, and refrain from omitting or misconstruing material facts.
An investment adviser has all of the above duties and more: he must, for instance, warn investors if markets have changed, rendering unsuitable an investment that was previously suitable.
Brokers and advisers, like Eugene N. Gordon, who make unsuitable recommendations can be held subject to disciplinary, or even civil action.
If you or someone you know has lost money investing with Eugene N. Gordon, call 877-238-4175 now for a free consultation. You may entitled to recover your losses. All cases are taken on a contingency fee, which means we do not get paid unless and until you recover money. Our consultations are always free.
Time to file your claim may be limited, so do not delay. Call 877-238-4175 now to speak to an attorney for free.