Updated on: December 21, 2022
KlaymanToskes Investigates Morgan Stanley Broker Thomas Craig Bonds for Unauthorized and Excessive Trading
National investment fraud lawyers KlaymanToskes is investigating Thomas Craig Bonds (CRD# 1867556) of Morgan Stanley’s San Francisco, CA branch after the broker and investment advisor received five customer complaints totalling over $5 million in alleged damages. According to his Brokercheck Report, three previous clients of Bonds have collectively received over $83,000 in settlements. The latest complaint is pending and alleges unsuitability in regards to account management. Previous complaints alleged excessive trading, unauthorized trading, and breach of fiduciary duty.
If you invested with Thomas Craig Bonds and suffered investment losses or have information related to the management of your account at Morgan Stanley’s San Francisco, CA branch, contact KlaymanToskes for a free, confidential consultation at 888-997-9956 or through our website, www.klaymantoskes.com.
Customer Complaints Against Thomas Craig Bonds:
- Client alleges unsuitability in regards to account management
- (Pending, alleged damages $5,000,000)
- Employing firm when alleged activities occurred: Morgan Stanley
- Clients allege excessive and unauthorized trading
- (Settled for $60,631)
- Employing firm when alleged activities occurred: Smith Barney Inc.
- Client alleges unauthorized trading of common & preferred stock
- (Settled for $12,000)
- Employing firm when alleged activities occurred: Lehman Brothers Inc.
- Clients allege fraud and breach of fiduciary duty
- (Settled for $11,115.47)
- Employing firm when alleged activities occurred: Smith Barney Inc.
- Client alleges Bonds churned her daughter’s trust account and that she gave no consent to the buying or selling of stocks
- (Alleged damages $7,802.66)
- Employing firm when alleged activities occurred: Merrill Lynch Inc.
Who is Thomas Craig Bonds?
As reported by the Financial Industry Regulatory Authority, Thomas Craig Bonds (CRD# 1867556) has 34 years of experience in the securities industry and holds 57 state licenses.
Thomas Craig Bonds is currently a Managing Director at Morgan Stanley in San Francisco, CA.
His past registrations include:
- Morgan Stanley & Co. Inc. in Newport Beach, CA
- Morgan Stanley in Merrilville, IN
How Can I Recover My Losses?
Former and current customers of Thomas Craig Bonds or Morgan Stanley’s San Francisco, CA branch who have experienced significant investment losses are encouraged to contact securities attorney Lawrence L. Klayman, Esq. at 1-888-997-9956 or lklayman@klaymantoskes.com.
Related Blog Posts: “Morgan Stanley to Pay $11.7M to Craig S. Thistlethwaite Customer”
About KlaymanToskes
KlaymanToskes is a leading national securities law firm which practices exclusively in the field of securities arbitration and litigation on behalf of retail and institutional investors throughout the world in large and complex securities matters. The firm has recovered more than $250 million for investors in FINRA arbitrations and over $350 million in other securities litigation matters for its clients. KlaymanToskes has office locations in California, Florida, New York, and Puerto Rico.
Contact
KlaymanToskes, P.A.
Lawrence L. Klayman, Esq.
888-997-9956
lklayman@klaymantoskes.com
www.klaymantoskes.com
