Phoenix financial advisor Brian Bates (CRD# 2318413) is involved in an investor complaint alleging he failed to follow a customer’s...Read More
$3 Million Complaint Against Oppenheimer Advisor Anthony Manougian
A recent investor complaint against Melville, New York financial advisor Anthony Manougian (CRD# 2293270) alleges more than $3 million in damages. Financial Industry Regulatory Authority records show that he is a broker and investment advisor with Oppenheimer & Company and was formerly affiliated with Morgan Stanley.
Mr. Manougian’s BrokerCheck report discloses one recent investor complaint. Filed in June 2022, the complaint alleges breach of fiduciary duty, breach of contract, conversion of funds, fraud, misrepresentation, unjust enrichment, recommendation of unsuitable investments, churning, and unauthorized trading. The pending complaint, which concerns his alleged conduct while a representative of Oppenheimer & Company and of Morgan Stanley, alleges damages of $3.5 million.
In a statement on the pending complaint’s disclosure, Mr. Manougian denied the allegations. “I at all times conducted myself in an appropriate and professional manner,” he wrote, adding that he intended to “vigorously defend myself against the false, unwarranted and unsubstantiated allegations.”
Mr. Manougian’s BrokerCheck report also discloses his 2012 termination from Morgan Stanley. According to the disclosure, the firm fired him vigorously defend myself against the false, unwarranted and unsubstantiated allegations. In a comment on the disclosure, Mr. Manougian wrote that his termination “constitutes wrongful discharge” and that “all procedures provided by Morgan Stanley were followed.”
According to the Financial Industry Regulatory Authority, Anthony Manougian holds 29 years of securities industry experience. Based in Melville, New York, he has been a broker and investment advisor with Oppenheimer & Company since 2012 and 2013, respectively. His past registrations include Morgan Stanley, Morgan Stanley & Company, Citigroup Global Markets, Prudential Securities, Guardian Investor Services Corporation, and Pruco Securities Corporation. His credentials include the passage of five securities industry examinations: the Investment Company Products/Variable Contracts Representative Examination, or Series 6; the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Combined State Law Examination, or Series 66. He is licensed in California, Connecticut, the District of Columbia, Florida, Georgia, Louisiana, Michigan, Nevada, New Jersey, New York, North Carolina, Pennsylvania, South Carolina, and Virginia. (Information current as of July 11, 2022.)
Carlson Law represents investors throughout the United States in claims against financial advisors and investment firms. If you or a loved one have suffered investment losses, please call us at 888-976-6111 or complete our contact form for a free and confidential consultation.