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Investment Losses with Morgan Stanley in Florham Park, NJ? Contact KlaymanToskes

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Updated on: June 2, 2023

Frank Seminara/The Seminara Group Customer Files Complaint: Morgan Stanley’s Florham Park, NJ Branch

National investment loss lawyers KlaymanToskes is investigating Frank Peter Seminara (CRD# 2785718) of The Seminara Group at Morgan Stanley in Florham Park, NJ and Palm Beach, FL. Seminara has been hit with a customer complaint which alleges he provided misleading information relating to hedge fund investments. 

If you suffered investment losses with Frank Peter Seminara and/or any other financial advisor at Morgan Stanley’s Florham Park, NJ, Palm Beach, FL, or other branches, you are encouraged to contact Lawrence L. Klayman, Esq. at (888) 997-9956 or lklayman@klaymantoskes.com to discuss recovery options.

Frank Seminara: Customer Complaint for Misrepresented Investments

Frank Seminara was previously ranked #2 on Forbes’ Best-In-State Wealth Advisors for private wealth management in New Jersey and also ranked #12 on Barron’s 2022 Top 1,200 Financial Advisors in Florida. 

Seminara is facing a pending customer complaint which alleges that his recommendation to invest in a hedge fund was misrepresented to the customer, according to FINRA Brokercheck. 

Morgan Stanley’s Florham Park, NJ Branch – 300 Campus Drive

According to Morgan Stanley/The Seminara Group’s website, its Florham Park, NJ branch is located at 300 Campus Dr, Florham Park, NJ. 

The following list contains brokers/financial advisors currently registered with Morgan Stanley in Florham Park, New Jersey. According to their linked FINRA BrokerCheck profiles, these individuals, associated with Morgan Stanley’s Florham Park branch, have been hit with significant public disclosures:

Peter J. Seminara (CRD# 4260621):
Managing Director/Portfolio Management Director of The Seminara Group

  • 1 Customer Complaint Disclosure:

    1. Customers alleged the bonds recommended were unsuitable, over concentrated, and misrepresented as safe. The complaint was withdrawn.

Patrick Richard Mcnamara (CRD# 1579103):

  • 7 Customer Complaint Disclosures (all settled in favor of the investors):
    1. Customer alleged misrepresented investment recommendations.
      (Settled for $16,063.98)
    2. Customer alleged unsuitable investment recommendations.
      (Settled for $8,438)
    3. Customer alleged unsuitable investment recommendations, misrepresentation, and omission of material facts.(Settled for $60,000)
    4. Customer alleged failure to supervise.
      (Settled for $45,000)
    5. Customer alleged purchases of debt securities in her account were not suitable based on her age.
      (Settled for $26,000)
    6. Customer alleged purchases of debt securities in her account were not suitable based on her financial profile.(Settled for $30,000)
    7. Customer alleged unsuitable recommendations of certain bonds in IRA accounts.
      (Settled for $26,275.50)

John Thomas Tierney (CRD# 1526775):
1 Customer Complaint Disclosure: 

  1. Customer alleged she did not authorize trades made in her individual account.
    (Settled for $11,409.88)

Zhigang (William) Shen (CRD# 3199329):
1 Customer Complaint Disclosure: 

    1. Customer alleged failure to follow instructions regarding investment guidelines.
      (Settled for $11,326)

Michael Allen Schwartz (CRD# 416383):
1 Customer Complaint Disclosure: 

    1. Customer alleged their advisor invested their assets in high-risk equity securities.
      (Settled for $73,000)

Renee Emma Schwartz (CRD# 2088687):
1 Customer Complaint Disclosure: 

    1. Customer alleged their advisor invested their assets in high-risk equity securities.
      (Settled for $73,000)

Richard Adam Cohen (CRD# 2632775):
3 Customer Complaint Disclosures: 

    1. Customer alleged unsuitable investment recommendations. The complaint was denied.
    2. Customer alleged unsuitable investment recommendations.
      (Settled for $3,500)
    3. Customer alleged unsuitable investment recommendations and account management. The complaint was denied.

Michael Edward Cecil (CRD# 4308949):
1 Customer Complaint Disclosure: 

    1. Customer alleged misrepresentation with respect to mutual fund investment recommendations. The complaint was denied.

Dawn Robin Penney (CRD# 2879413):
1 Termination Disclosure: 

    1. Terminated from Merrill Lynch, Pierce, Fenner & Smith, Inc. due to allegations of misconduct involving failure to properly verify the identity of a client prior to initiating a transaction. 

Neal Adrian Teicher (CRD# 2577522):
1 Financial Disclosure, 2 Tax Lien Disclosures: 

    1. Financial Compromise: Satisfied/Released 
    2. Judgment/Lien: tax lien in the amount of $22,875.02
    3. Judgment/Lien: tax lien in the amount of $4,616.53

How Can I Recover My Losses?

KlaymanToskes encourages investors who did business with Frank Peter Seminara, the Florham Park, NJ and/or Palm Beach, FL 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.

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KlaymanToskes, P.A.
Lawrence L. Klayman, Esq.
888-997-9956
lklayman@klaymantoskes.com
www.klaymantoskes.com

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