Were you sold unsuitable energy investments by Michael Fitzgerald, a Morgan Stanley broker? If so, there may be legal recourse you can take against the firm in the Financial Industry Regulatory Authority (FINRA) forum. Fitzgerald allegedly recommended unsuitable energy investments, did not sufficiently diversity a portfolio, breached fiduciary duty and failed to disclose various risks. All of these are against securities rules and regulations. Energy investments in particular can be very risky and illiquid investments that are not suitable for all investors. A broker has an ironclad obligation to only recommend and sell those securities that are suitable for an investor by taking into account his age, net worth, investment objectives and investment sophistication. If he does not, his brokerage firm may be liable for losses. Please call 312-332-4200 for a no-cost, no-obligation consultation with an attorney today if you suffered losses. Morgan Stanley may be liable for your investment losses by allowing Michael Fitzgerald to recommend unsuitable energy investments, among other transgressions.
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