Losses with The Seminara Group of Morgan Stanley? Contact KlaymanToskes

June 2, 2023

Palm Beach, FL: Frank Seminara/Morgan Stanley Customers –  KlaymanToskes Has Recovery Options 

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

If you suffered investment losses with Frank Peter Seminara and/or any other financial advisor at Morgan Stanley’s Palm Beach, FL, Florham Park, NJ, 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 of The Seminara Group 

According to FINRA Brokercheck, Frank Peter Seminara has one customer complaint disclosed which alleges that his investment recommendation was misrepresented to the customer. The complaint relates to hedge fund investments.

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

Morgan Stanley’s Palm Beach, FL Branch – 450 Royal Palm Way

According to Morgan Stanley/The Seminara Group’s website, its Palm Beach, FL branch is located at 450 Royal Palm Way, Palm Beach, FL. 

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

Michael David Sherrill (CRD# 1261298)
Morgan Stanley broker/investment advisor in Palm Beach, FL and New York, NY
5 Customer Complaint Disclosures:

1.  Customer alleges unsuitability with respect to a managed account.
    (Pending – Alleged Damages $50,000)
2. Customer alleges unsuitability with respect to a managed account.
    (Pending – Alleged Damages $50,000)
3. Customer alleged his money was placed in an inappropriate investment program rather than the investment program he chose.
Customer alleged losses in two commodity accounts due to high commissions paid.
    (Settled for $14,999)
5. Customer alleged the representative executed trades without discussing them with her
     accountant, as she claimed she had instructed.
     (Settled for $20,729.21)

Neil Scott Mitchell (CRD# 1027356)
Morgan Stanley broker/investment advisor in Palm Beach, FL and Ft. Lauderdale, FL
4 Customer Complaint Disclosures:

1. Customer alleged unsuitable investment advice.
    (Settled for $237,500)
2. Customer alleged fraud, breach of fiduciary duty, and negligence.
    (Settled for $42,500)
3. Customer alleged unsuitable investment advice and a breach of fiduciary duty.
    (Settled for $62,500)
Customer alleged unsuitable stock trading.
    (Settled for $25,000)

Kevin Michael Peters (CRD# 1222161)
Morgan Stanley broker/investment advisor in Palm Beach, FL
2 Customer Complaint Disclosures:

1. Customer alleged misrepresented investment recommendations.
    (Settled for $10,000)
2. Customer alleged unauthorized trading.

Courtenay J. Satterwire (CRD# 5764469)
Morgan Stanley broker/investment advisor in Palm Beach, FL
1 Financial Disclosure: 

1. Financial Compromise: Satisfied/Released 

How Can I Recover My Losses?

KlaymanToskes encourages investors who did business with Frank Peter Seminara, the Palm Beach, FL 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.


KlaymanToskes, P.A.
Lawrence L. Klayman, Esq.