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Broker Misconduct Investigation: Marci Coots (Morgan Stanley)

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Updated on: October 31, 2024

National investment loss lawyers KlaymanToskes is investigating broker Marci Coots (CRD #5584723) of Morgan Stanley.

According to FINRA BrokerCheck, broker Marci Coots of Morgan Stanley is currently involved in a customer complaint seeking $300,000 in damages, alleging the unauthorized sale of certain securities in the customers’ accounts.

Investors that suffered losses with broker Marci Coots 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.

Investment Losses with Broker Marci Coots?

Investment Losses with Broker Marci Coots?

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Broker Marci Coots Faces Customer Complaint

Marci Coots, a broker working with Morgan Stanley in Louisville, Kentucky, since 2020, is currently facing a customer complaint filed in 2023. The complaint alleges that there were unauthorized sales of certain stocks in the client’s accounts. The customer is seeking $300,000 in damages. The complaint allegedly involves both common and preferred stocks, as well as directed fee-based accounts.  Coots has worked with several firms in the past, including IFP Securities, Independent Financial Partners, LPL Financial, and Merrill Lynch, Pierce, Fenner & Smith Inc. 

Signs Investors Should Look Out For About Their Brokerage Accounts

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:

  • You have substantial losses in your investment accounts
  • You received a call, email, or other communication from your broker’s supervisor or manager regarding your portfolio
  • Your broker misrepresented investment opportunities, or failed to disclose details about investments
  • You notice unauthorized transactions in your investment accounts
  • Your broker is not returning your calls or emails
  • You filed a complaint with your brokerage firm that has not been resolved
  • You see a mistake on your statement, or receive a fraudulent statement

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 Marci Coots, or have concerns regarding your investment portfolio at 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.