National investment loss lawyers KlaymanToskes is investigating broker Stephen Marotto (CRD# 5473140) of First Republic Securities and Morgan Stanley, following the law firm’s filing of a customer complaint with the Financial Industry Regulatory Authority (“FINRA”) (Claim No. 25-00400), alleging investor damages of $200,000 due to unsuitable recommendations to invest in unsuitable Greenbacker Fund investments.
According to FINRA BrokerCheck, broker Stephen Marotto is currently involved in several customer complaints alleging over $750,000 in collective damages. The complaints relate to allegations including unsuitable investment recommendations, misrepresentations and omissions, and unauthorized trading.
Investors that suffered losses with broker Stephen Marotto are encouraged to contact attorney Lawrence L. Klayman, Esq., at 888-997-9956 or by email at investigations@klaymantoskes.com to discuss potential recovery options. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.
Financial advisor Stephen Marotto, formerly of First Republic Securities, is currently involved in several customer disputes, according to Financial Industry Regulatory Authority (“FINRA”) records. One of the complaints filed alleges $550,049 in damages due to unsuitable investment recommendations, misrepresentations, and unauthorized trading. A second complaint alleges $200,000 in damages due to misrepresentation and unsuitable investment recommendations. Marotto is currently registered with Morgan Stanley in San Francisco, CA.
As an investor, there are a few signs that you should look out for if you believe you may have a claim against your financial advisor. These signs could potentially indicate misconduct, negligence, or investment fraud. Investors are encouraged to contact our firm immediately if you have experienced any of the following:
Some investors have close relationships with their brokers due to the time and trust built over the course of their investment relationship. However, it is crucial to remember that financial decisions should be based on careful analysis and due diligence rather than solely relying on personal relationships.
Engaging the services of an experienced securities attorney to evaluate your specific circumstances is strongly advised. At KlaymanToskes, our team of experienced securities attorneys has a deep understanding of this complex area of law, allowing us to provide invaluable insight and tailored guidance that directly addresses your individual needs.
If you suffered losses with broker Stephen Marotto, or have concerns regarding your investment portfolio at First Republic Securities, Morgan Stanley or with any other financial advisor or firm, contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation.