According to a recent Disciplinary Proceeding with the Financial Industry Regulatory Authority (FINRA), John Bocchino, a former registered representative with Morgan Stanley and Citigroup, was accused of circumventing Morgan Stanley’s firm policies restricting trading in Venezuelan bonds. He allegedly booked hundreds of trades in the accounts and created firm documents that contained false information. Because of this, Bocchino was able to trade $190 million in the bonds in violation of the firm’s policies and avoid the firm’s supervision. His trades were largely concentrated in government and sovereign debt bonds issued by South American countries, mostly in Venezuela. This occurred between June 2009 and March 2012, and is against securities laws and firm policies.
According to his online, FINRA BrokerCheck report, Mr. Bocchino was registered with J.P. Morgan Securities in New York, New York from July 1998 until October 2000, Citigroup in New York from February 2001 until June 2009, Morgan Stanley in New York from June 2009 until March 2012 and UBS in New York from April 2012 until October 2016. He has one customer dispute against him, alleging he made unauthorized and excessive trades that were unsuitable for the clients’ risk tolerance. He is currently not registered.
If you suffered investment losses with Mr. Bocchino and would like to find out how to sue Morgan Stanley on a contingency fee basis, please call 312-332-4200 today for a no-cost, no-obligation consultation with one of our attorneys. We are based in Chicago, Illinois and sue firms in the FINRA arbitration forum.
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