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FINRA enters arbitration award against Morgan Stanley

stock-fraud-justiceA FINRA arbitration award has been entered against Morgan Stanley Smith Barney and its brokers Eugene Nathan Gordon and Cira Nickerson. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who may have complaints regarding these California-based brokers.

FINRA states that the claim was filed in March 2014. The claimants alleged that Eugene Nathan Gordon, while employed at Morgan Stanley, breached his fiduciary duty, contract, and implied covenant of good faith and fair dealing. The complaint additionally alleged that Mr. Gordon and Morgan Stanley committed fraud and negligence, and made unsuitable investment recommendations with connection the customers’ retirement account. Finally, the customers alleged Ms. Nickerson failed in her supervisory capacity as Complex Manager of Morgan Stanley’s Palo Alto/Hawaii Complex.

The arbitration panel found Morgan Stanley liable and ordered the firm to pay damages of $325,526.

Cira Nickerson is a broker and investment advisor with eighteen years of experience in securities industry. Currently employed by Morgan Stanley in Palo Alto, she was previously registered with Citigroup Global Markets (1996-2009).

According to her BrokerCheck report, Cira Nickerson is the subject of a 1984 criminal charge in Monmouth County, New Jersey. She pled guilty to possession of a controlled dangerous substance and served 107 days in a correctional institution.

Eugene Nathan Gordon is a broker and investment adviser at Morgan Stanley’s Palo Alto branch. He has spent eleven years in the securities industry and was previously registered with Citigroup Global Markets (2004-2009).

If you have complaints regarding Cira Nickerson, Eugene Nathan Gordon, or Morgan Stanley Smith Barney, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. If you have lost money, you may be entitled to recoup your losses. All cases are taken on contingency, which means we only get paid if and when you recover money. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.

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