Rob Snow (CRD#: 3203253), a registered representative with Morgan Stanley in Houston, Texas, became involved in a customer dispute on July 19, 2019. A client’s attorney alleges that, among other things, Rob Snow recommended unsuitable investments from April 2017 to April 2019, according to his BrokerCheck record accessed on August 21, 2019. The securities product in question is equity-listed common and preferred stock.
What does it mean to recommend unsuitable investments? Each broker or financial advisor is expected to do due diligence by investigating all investment products they are thinking of recommending to their clients. They must make sure that such securities products fit within their clients’ investment objectives. When brokers or investment advisors fail to do due diligence or even intentionally recommend unsuitable investments, they put investors at risk.
This is current dispute is not the only disclosure on Rob Snow’s BrokerCheck report. On October 31, 2008, Rob Snow resigned from his position at UBS Financial Services Inc. after a former employee alleged that he was involved in “sales practice violations,” according to his BrokerCheck record.
Rob Snow has worked for Morgan Stanley since June 1, 2009. Over his 20-year career in the securities industry, Rob Snow has worked for five other firms:
- Citigroup Global Markets Inc. (CRD#: 7059)
- UBS Financial Services Inc. (CRD#: 8174)
- Morgan Stanley DW Inc. (CRD#: 7556)
- Roan-Meyers Associates, LP (CRD#: 34171) – firm expelled by FINRA on May 29, 2018
- LCP Capital Corp. (CRD#: 14469)
If you’ve worked with Rob Snow or have questions about your suitability, don’t hesitate to contact the experienced securities attorneys of Fitapelli Kurta at (877) 238-4175 or firstname.lastname@example.org.