Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Robert Reckinger (Reckinger), currently associated with Morgan Stanley, has at least one disclosable event. These events include one customer complaint, alleging that Reckinger recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a pending customer complaint on July 07, 2025.
December 4th, 2013 to July 3rd, 2025 What were the allegations against the individual? The trustee alleges that as a retiree and layperson, the client's best interest were breached with the recommendation to purchase the investment given the Fund's poor performance and illiquidity which posed a significant risk to her financial security. Further allegations state that advisor (had the obligation as a fiduciary) to clearly explain the risks, including the potential for prolonged lockup periods and the Fund's high-risk allocation strategy.