Published On: March 1, 2016

Stoltmann Law Offices is interested in speaking to any investors who may have invested with Byron A. Echeverria, a former broker with Morgan Stanley from 2011 until 2015. According to his Financial Industry Regulatory Authority (FINRA) Letter of Acceptance, Waiver and Consent (AWC), Echeverria allegedly falsified documents related to customer accounts by re-using original customer-signed signature pages from expired forms and altered tax withholding amounts on forms. Between September 2010 and May 2015, Echeverria falsified 10 documents related to 10 customer accounts, including disclosure forms, transfer forms and IRA distribution forms. He re-used original customer signatures and recycled customer-signed signature pages from expired forms, and altered tax withholding amounts to expedite transactions. These are all against securities rules and regulations. For this, he was suspended from the industry for three months. He was unable to pay a monetary amount, so no fines were imposed upon him.

According to his online FINRA BrokerCheck report, Byron A. Echeverria was registered with APS Financial Corporation in Austin, Texas from August 2005 until August 2006, Stanford Group Company in Houston, Texas from March 2007 until June 2007, UBS Financial in Houston from August 2007 until May 2011 and Morgan Stanley in Houston from May 2011 until May 2015. He is currently registered with Slavic Investment Corp in Boca Raton, Florida and has been since November 2015. If you are interested in speaking to an attorney for free about your options of suing Morgan Stanley for losses with Echeverria, please call our law offices in Chicago today.

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