Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Alexander Page (Page), previously associated with Morgan Stanley, has at least one disclosable event. These events include one customer complaint, alleging that Page recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a settled customer complaint with a damage request of $18,000.00 on March 18, 2023.
Client had First Republic stock in her portfolio, which fell significantly over the course of a week. On March 14th client complained that she had not given discretionary authority. RIA and advisor sent client paperwork indicating discretion that client signed off on. Client claimed they were Schwab documents and not internal documents. Advisor sent internal documents indicating a digital signature from client, which indicated discretion, but it lacked a date and time stamp.