National investment loss lawyers KlaymanToskes is investigating Matias Cavalieri (CRD# 2972465) of Morgan Stanley in connection with the filing of a customer complaint alleging $2,900,000 in damages due to a breach of fiduciary duty.
According to FINRA BrokerCheck, Matias Cavalieri has been registered as a broker/investment advisor with Morgan Stanley since 2009 in Miami, FL. Cavalieri was previously hit with a customer complaint for unsuitable investment recommendations that was settled in favor of the investor.
Investors that suffered losses with Matias Cavalieri and/or any other advisor at Morgan Stanley should contact attorney Lawrence L. Klayman, Esq., for a free consultation to discuss recovery options at 888-997-9956 or lawrence@klaymantoskes.com. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.
According to FINRA BrokerCheck, Matias Cavalieri has two customer complaints disclosed. The most recent complaint is pending and alleges $2,900,000 in damages due to a breach of fiduciary duty.
A second customer complaint alleged that the recommendation to invest in a mutual fund did not meet his objective of only investing in securities that could not lose principal. The complaint was settled in favor of the investor.
Brokers and financial advisors must consider an investment’s risk, ensure that they do not misrepresent material facts, and/or overconcentrate the customer’s portfolio in unsuitable investments. Further, financial professionals and their firms cannot disregard a customer’s risk-tolerance when making unsuitable investment recommendations.
Facts about each investor, such as their financial situation/needs, age, employment status, tax status, investment objectives and experience, risk tolerance, and what other investments they may be holding must be taken into consideration by brokers/financial advisors in order to meet the “reasonable diligence” requirement of FINRA’s suitability rule.
Additionally, a representative that recommends investments for the purpose of being compensated through increased commissions, and enriches themselves rather than properly benefiting the client, is violating securities laws.
The violations discussed above each provide a basis for liability in a FINRA arbitration claim. FINRA arbitration is a more cost-effective process for investors, often occurring with increased speed and efficiency over a court proceeding. To learn more about additional securities violations, see our account activity violations page.
Former and current customers of Matias Cavalieri who suffered losses at Morgan Stanley are encouraged to contact attorney Lawrence L. Klayman, Esq. at (888) 997-9956 or lawrence@klaymantoskes.com for a free consultation. We do not collect attorney’s fees unless we are able to obtain a financial 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
lawrence@klaymantoskes.com
www.klaymantoskes.com