National investment loss lawyers KlaymanToskes is investigating broker/advisor Gregory Sain (CRD# 1629842) of Morgan Stanley following the filing of three customer complaints alleging unsuitable investment recommendations.
According to FINRA Brokercheck, Gregory Sain was registered with Stifel, Nicolaus, & Co. from 2011 to 2022 in Los Angeles, CA. Sain is currently registered with Morgan Stanley in Beverly Hills, CA.
If you suffered investment losses with Gregory Sain at Stifel, Nicolaus, & Co. and/or Morgan Stanley, contact attorney Lawrence L. Klayman, Esq. at (888) 997-9956 or lklayman@klaymantoskes.com for a free and confidential consultation to discuss recovery options. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.
According to FINRA BrokerCheck, Gregory Robert Sain has three customer complaints disclosed. Sain’s most recent investor complaint alleged that he recommended positions that were not in line with the customer’s risk profile or instructions. The complaint was settled in favor of the investor for $26,250.
In addition, a second customer complaint alleged that Sain’s recommendation to purchase a preferred security was out of the scope of the client’s mandate to buy municipal bonds. A third customer complaint alleged suitability of transactions and was settled in favor of the investor for $58,500.
Stockbrokers and their firms are responsible for providing suitable investment advice in compliance with Financial Industry Regulatory Authority (FINRA) rules and regulations.
In the event of non-compliance with securities industry standards leading to a customer incurring investment losses, brokers/financial advisors and their firms may be held liable through a FINRA arbitration claim.
Investors that suffered losses due to investment recommendations by Gregory Sain are encouraged to contact KlaymanToskes today for a free and confidential consultation at (888) 997-9956, or through email at lklayman@klaymantoskes.com to learn more about the arbitration process.
We offer legal services on a contingency basis, meaning we do not collect attorney’s fees unless we are able to obtain a recovery for you.
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.
KlaymanToskes, P.A.
Lawrence L. Klayman, Esq.
888-997-9956
lklayman@klaymantoskes.com
www.klaymantoskes.com