Texas-based Morgan Stanley broker/adviser James Harvey III is the subject of a pending customer complaint. The securities and investment fraud law firm Fitapelli Kurta is investigating allegations of misconduct against Mr. Harvey (CRD# 2950942).
James Harvey III has spent seventeen years in the securities industry and has been registered with Morgan Stanley in Dallas, Texas since 2009. Previous registrations include Morgan Stanley & Company in Dallas, Texas (2007-2009) and Morgan Stanley DW in Dallas, Texas (1998-2007). He is a registered broker and investment adviser with eight US states and territories: California, Maryland, Nebraska, New York, Oklahoma, Texas, Virginia, and Washington.
According to his BrokerCheck report, James Harvey III is the subject of one pending customer complaint related to his conduct at Morgan Stanley Smith Barney.
In February 2016 a customer alleged James Harvey III, while employed at Morgan Stanley Smith Barney, made unsuitable investment recommendations. The customer is seeking unspecified damages in the pending complaint.
According to FINRA rules and federal securities law, investment professionals like James Harvey III must comply with a standard called suitability, which requires them to recommend only investments that are suitable for their clients. Brokers must weigh such factors as the customer’s investment goals, experience, age, income, risk tolerance, and others. They may not misrepresent or omit material facts pertaining to an investment, as misrepresentations or omissions might lead a customer to make unsuitable investments. Brokers who act unsuitably may be subject to disciplinary action by FINRA or the Securities and Exchange Commission.
If you have complaints regarding James Harvey III, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be entitled to recoup your losses. All cases are taken on contingency: we only receive payment if and when you recover money. You may have a limited window to file your complaint, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.
This information is based on publicly available documents provided by FINRA on March 21, 2016.