Chris Schofield: $130K Complaint Against Morgan Stanley Advisor

Colorado Springs financial advisor Chris Schofield (CRD# 2175959) is involved in an investor complaint alleging that his conduct resulted in damages of more than $100,000. Records maintained by the Financial Industry Regulatory Authority indicate that he is a broker and an investment advisor with Morgan Stanley.

Mr. Schofield’s BrokerCheck report discloses three investor complaints. The most recent, filed in December 2022, alleges that as a representative of Morgan Stanley, he he recommended unsuitable investments in closed-end funds and a liquidity access line between April 2018 and October 2020. The pending complaint alleges damages of $130,000.

An earlier investor complaint, filed in 2008, alleged that he misrepresented material facts relating to mutual fund investments while he was a representative of Citigroup Global Markets between 2006 and 2008. The complaint alleged unspecified damages and was denied by the firm.

A third investor complaint, filed in 2004, alleged that as a representative of Citigroup Global Markets, he engaged in unauthorized trading and made misrepresentations of material facts between 2003 and 2004. The complaint, which concerned investments in mutual funds and equities, alleged damages of $15,000 and was denied by the firm.

According to the Financial Industry Regulatory Authority, Chris Schofield holds 31 years of securities industry experience. Based in Colorado Springs, Colorado, he has been a broker and an investment advisor with Morgan Stanley since 2009. His past registrations include Citigroup Global Markets (Colorado Springs, Colorado; 2002-2009) and A.G. Edwards & Sons (1991-2002). His credentials include the passage of six securities industry qualifying exams: the General Securities Sales Supervisor – General Module Examination, or Series 10; the General Securities Sales Supervisor – Options Module Examination, or Series 9; the General Securities Representative Examination, or Series 7; the Futures Managed Funds Examination, or Series 31; the Securities Industry Essentials Examination, or SIE; and the Uniform Securities Agent State Law Examination, or Series 63. He currently holds 50 state licenses. (Information current as of January 14, 2023.)

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