Updated on: January 11, 2023
Investment Losses with Frank Peter Seminara of Morgan Stanley’s Palm Beach, FL Branch? KlaymanToskes Has Recovery Options
National investment fraud lawyers KlaymanToskes is investigating Frank Peter Seminara (CRD# 2785718) of The Seminara Group at Morgan Stanley after the broker received an investor complaint alleging he provided misleading information regarding hedge fund investments. According to FINRA Brokercheck, the complaint is pending and does not specify alleged damage amounts.
If you suffered investment losses with Frank Peter Seminara and/or Morgan Stanley’s Palm Beach, FL, Florham Park, NJ, or Scottsdale, AZ branches, you are encouraged to contact Lawrence L. Klayman, Esq. at (888) 997-9956 or lklayman@klaymantoskes.com to discuss recovery options.
Who is Frank Peter Seminara?
- Frank Peter Seminara is currently a registered broker and investment advisor with The Seminara Group at Morgan Stanley in Palm Beach, FL and Florham Park, NJ.
- Seminara was previously ranked #2 on Forbes’ Best-In-State Wealth Advisors for private wealth management in New Jersey and ranked #12 on Barron’s 2022 Top 1,200 Financial Advisors in Florida.
- Seminara has 26 years of securities industry experience and holds 49 state licenses.
Red Flags at Morgan Stanley’s Palm Beach, FL, Florham Park, NJ, and Scottsdale, AZ Branches
According to national investment fraud attorney Lawrence L. Klayman, Esq., “The allegations of broker misconduct within the investor complaint may indicate a lack of supervision at Morgan Stanley’s Palm Beach, FL, Florham Park, NJ, and Scottsdale, AZ branches. Other investors at these branch locations may have faced severe losses, and are encouraged to contact us to discuss their recovery options.”
The list below displays 15 other currently registered individuals with notable red flags at Morgan Stanley branch locations in Palm Beach, FL, Florham Park, NJ, and Scottsdale, AZ.
Morgan Stanley’s Palm Beach, FL Branch (Located at 450 Royal Palm Way)
Neil Scott Mitchell (CRD# 1027356)
- 4 customer complaints settled in favor of the investors:
- Investor alleged unsuitable investment advice
- Investor alleged fraud, breach of fiduciary duty, and negligence
- Investor alleged unsuitability and breach of fiduciary duty
- Investor alleged unsuitable stock trading
Kevin Michael Peters (CRD# 1222161)
- 2 customer complaints:
- Investor alleged his financial advisor misrepresented investments
- Investor alleged unauthorized trading
Morgan Stanley’s Florham Park, NJ Branch (Located at 300 Campus Drive)
Patrick Richard Mcnamara (CRD# 1579103)
- 7 customer complaints settled in favor of the investors:
- Investor alleged misrepresentation from September 2011 to July 2017
- Investor alleged unsuitable investment recommendations
- Investor alleged unsuitable investment recommendation, misrepresentation, and omission of material facts
- Investor alleged failure to supervise
- Investor alleged purchases of debt securities in her account were not suitable based on her age
- Investor alleged purchases of debt securities in her account were not suitable based on her financial profile
- Investor alleged unsuitable recommendations of certain alliance entertainment bonds in IRA accounts
Robert Leonard Cerasia (CRD# 43841)
- 1 customer complaint:
- Investor alleged misrepresented investments
Michael Allen Schwartz (CRD# 416383)
- 1 customer complaint settled in favor of the investor:
- Investor alleged their advisor invested their assets in high risk equity securities
John Thomas Tierney (CRD# 1526775)
- 1 customer complaint settled in favor of the investor:
- Investor alleged she did not authorize trades in her account
Zhigang Shen (CRD# 3199329)
- 1 customer complaint settled in favor of the investor:
- Investor alleged failure to follow instructions regarding investment guidelines
Peter J Seminara (CRD# 4260621)
- 1 customer complaint:
- Investors alleged unsuitable, over concentrated, and misrepresented investments
Morgan Stanley’s Scottsdale, AZ Branch (Located at 14850 North Scottsdale Road)
Christine Noelle Cote (CRD# 862222)
- 3 customer complaints settled in favor of the investors:
- Investor alleged that her financial advisor misled her to the risk of her investment in structured products
- Investor alleged misrepresentation, unsuitability, negligence, and fraud regarding investment recommendations made by advisor Christine Cote
- Investor alleged that the possibility of their investment faulting was never brought up when purchasing the security
Max E Sanel (CRD# 5501158)
- 1 customer complaint pending:
- Investor alleged that recommendation to invest in ultra short bond fund was unsuitable
- (Pending, Alleged Damages $108,888)
Eric Andrew Olson (CRD# 5635421)
- 1 customer complaint pending:
- Investor alleged that recommendation to invest in ultra short bond fund was unsuitable
- (Pending, Alleged Damages $108,888)
Thomas Michael Batson (CRD# 1345806)
- 1 customer complaint settled in favor of the investor:
- Investor alleged her broker gave her improper advice regarding a section 1035 exchange from one insurance to another
Scott Andrew Pfotenhauer (CRD# 2710639)
- 1 customer complaint settled in favor of the investor:
- Investor alleged misrepresentation
Michael Whitney Butt (CRD# 1719917)
- 1 customer complaint settled in favor of the investor:
- Investor alleged their instructions not to initiate trading in their accounts until they received and approved an investment proposal were not followed
Thomas Albert Assalone (CRD# 1543828)
- 1 customer complaint settled in favor of the investor:
- Investor alleged their instructions not to initiate trading in their accounts until they received and approved an investment proposal were not followed
Carol Aiken Hall (CRD# 1197686)
- 1 customer complaint settled in favor of the investor:
- Investor alleged unauthorized trading with regard to the sales of an equity
How Can I Recover My Losses?
KlaymanToskes encourages investors who did business with Frank Peter Seminara, the Palm Beach, FL branch and/or Florham Park, NJ branches of Morgan Stanley, and/or any of the brokers listed above to review their accounts for signs of broker misconduct and/or investment losses.
Investors that suffered significant losses should contact attorney Lawrence L. Klayman, Esq., at 888-997-9956, or lklayman@klaymantoskes.com to discuss their recovery options at no cost.
About KlaymanToskes
KlaymanToskes is a leading national securities law firm which practices exclusively in the field of securities arbitration on behalf of retail and institutional investors throughout the world in large and complex securities matters. The firm has recovered over $250 million in FINRA arbitrations and over $350 million in other securities litigation matters. KlaymanToskes has office locations in California, Florida, New York, and Puerto Rico.
Contact
KlaymanToskes, P.A.
Lawrence L. Klayman, Esq.
888-997-9956
lklayman@klaymantoskes.com
www.klaymantoskes.com
