Articles Tagged with Equity Linked Notes

shutterstock_189496604-300x200Our securities fraud attorneys are investigating a complaint filed by The Financial Industry Regulatory Authority (FINRA) against broker Mike Emmanouilidis (Emmanouilidis) formerly associated with Morgan Stanley. According to BrokerCheck records Emmanouilidis has been subject to 16 customer complaints. The customer complaints against Emmanouilidis allege misrepresenting the facts concerning the nature of investment risks in structured products among other claims.

The most recent claim against Mr. Emmanouilidis was filed in August 2016 and alleges that from 2013 to 2015, the customer was misrepresented of the investment risks in products causing $500,000 in damages. The complaint is currently pending.

In November 2011, a customer alleged that Mr. Emmanouilidis, while employed at UBS Financial Services, from November 2007 to May 2011, misrepresented material facts concerning the risks associated with an investment causing $100,000 in damages. The complaint settled in 2012 for $74,500.

In December 2010, a customer alleged Mr.Emmanouilidis made misrepresentations, omissions of material facts and breached his fiduciary duty in connection to investments in PPN Asian currency baskets causing losses of $54,375. The complaint settled for $100,000.

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