Recover Morgan Stanley Tony Gallea Covered Call Options Investment Losses

April 29, 2022

Did you Lose Money in a Covered Call Options Strategy with Morgan Stanley’s Tony Gallea?

National investment fraud lawyers KlaymanToskes is investigating (“Morgan Stanley Tony Gallea Investigation”) Anthony Gallea, who is a Morgan Stanley broker registered out of the firm’s Hendersonville, NC branch location, in light of recent customer complaints regarding an options trading strategy. Gallea has been registered as a broker and investment adviser with Morgan Stanley since 2009.

Customers Complaining About Options Strategy Misrepresentation

According to FINRA BrokerCheck, since September 2021, two customers of Tony Gallea have filed written complaints relating to options strategies deployed by Tony Gallea. The written complaints allege, among other things, misrepresentation with respect to a covered call options strategy. One claim alleges $900,000 in damages.

Tony Gallea Morgan Stanley Background

Gallea is the founder of the Pelican Bay Group at Morgan Stanley and serves as a Senior Portfolio Management Director at Morgan Stanley’s Portfolio Management Group. Before joining Morgan Stanley, Gallea was a broker and investment adviser with Citigroup Global Markets, Inc. in Naples, Florida from 1993 to 2009. From 1980 to 1993, Gallea was registered as a broker with Lehman Brothers, Inc. in New York, NY.

As of December 31, 2020, Gallea and his colleagues manage $3 billion for individual and institutional clients, including $1.4 billion in covered call writing strategies.

Brokerage Firms Have a Duty to Disclose Material Facts

Brokerage firms and its financial advisors have a duty to disclose materials facts concerning their investment recommendations, including those involving risky options strategies. A firm’s misrepresentation or omission of material facts concerning their investment recommendations is a sales practice violation, and is a basis for liability in a FINRA arbitration claim.”

Recover Tony Gallea Morgan Stanley Investment Losses

Former and current customers of Morgan Stanley’s Tony Gallea with losses in excess of $100,000, and those who information relating to the manner in which he handled customer accounts, including covered call option strategies, are encouraged to contact Lawrence L. Klayman, Esq. at 1-888-997-9956.

About Us

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 more than $230 million for investors in FINRA arbitrations. KlaymanToskes has office locations in California, Florida, New York, and Puerto Rico