Stewart Malloy entered into a Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA). According to his AWC, Malloy is accused of effecting 59 discretionary transactions in the joint securities account of two customers without written authorization. From July 2011 until August 2012, Malloy effected the transactions without the knowledge of his firm, Morgan Stanley. He also did not make accurate statements on a Morgan Stanley compliance questionnaire that asked about the discretionary transactions. For this he was fined $5,000 and suspended from the industry for 30 days.
Malloy was registered with Merrill Lynch in New York, New York from January 1982 until September 1996, and Morgan Stanley in Riverhead, New York since September 1996. He is currently registered with Morgan Stanley on Main Street in Riverhead, New York and has been since June 2009. He has six customer disputes against him. If you invested money with Stewart Malloy, you may be entitled to recover your investment losses by calling our securities law firm at 312-332-4200 to speak with an attorney. The call is free. His firm, Morgan Stanley, can be held liable for his actions as they had a duty to supervise him.
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