According to BrokerCheck records financial advisor Kerry Moy (Moy), currently employed by Western International Securities (Western International) has been subject to at least five customer complaints and one employment termination for cause. According to records kept by The Financial Industry Regulatory Authority (FINRA), Moy’s customer complaints allege that Moy recommended unsuitable securities recommendations and misrepresented investments among other allegations of misconduct in the handling of customer accounts.
In May 2019 Moy’s former employer Morgan Stanley Smith Barney, LLC (Morgan Stanley) discharged Moy alleging that he submitted inaccurate information for business expenses, his submission of inaccurate and incomplete information about outside restaurant-related business activities, and his use of firm resources for those outside activities. In response Moy claims to have “filed a multi-million dollar claim against Morgan Stanley for its wrongful termination of my employment.”
In December 2018 a customer complained that Moy violated the securities laws by alleging that the investments were misrepresented from 2015 to 2018. The claim seeks $14 million in damages and is currently pending.