The law firm of Oakes & Fosher is presently investigating the possible misconduct of former securities broker Matthew Alan Morris. According to his publicly available FINRA BrokerCheck report, Matthew Alan Morris has been the subject of a FINRA sanction.
Matthew Alan Morris was a Virginia based securities broker. He worked in the securities industry for thirty-three years. During his long career, he was registered with six different securities firms. He is no longer working as a registered securities broker in any fashion.
His Registrations
- Merill Lynch (1983-1985)
- Alex, Brown & Sons Incorporated (1985-1995)
- Morgan Stanley (1995-2007)
- Ferris, Baker Watts (2007-2009)
- RBC Capital Markets (2009-2014)
- Suntrust Investment Services (2014-2017)
The Allegations
In July 2018, Matthew Alan Morris was officially sanctioned by FINRA. The findings in this matter state that he allegedly cut and pasted, or traced, the signatures of sixteen customers at his member firm on over seventy-forms used to record customer financial information and to authorized customer purchases of fixed and variable annuities. Due to his alleged actions, he was suspended for a period of three months and fined $5,000.
He had already been terminated from Suntrust Investment Services one year prior due to the allegations.
What Does This Mean?
Securities brokers, like Matthew Alan Morris, are never allowed to forge their customers signatures–even when a customer has verbally authorized something. This action leads to a very dangerous precedent in which securities brokers could forge their customers’ signatures and in turn execute highly unsuitable trades on their behalf.
Oakes & Fosher Can Help
Many investors are unaware of the legal recourse available to them after losing money due to securities broker fraud and/or negligence. The truth is that investors who have lost money in this fashion may actually be entitled to damages.
Oakes & Fosher dedicates its entire legal practice to helping investors across the nation. If you, or someone you know, have lost money investing with Matthew Alan Morris, please contact Oakes & Fosher for a free and private consultation. Oakes & Fosher handles cases on a contingency basis, which means there are no fees charged unless we collect for you.
