Neil Okun: Curning Complaint Against Ex-Morgan Stanley Advisor

Boca Raton, Florida financial advisor Neil Okun (CRD# 2482935) recently received an investor complaint alleging that his conduct resulted in losses. Financial Industry Regulatory Authority records show that he is registered as a broker with Trident Partners, having previously been registered with Morgan Stanley.

Mr. Okun’s BrokerCheck report discloses several investor complaints. The most recent, filed in August 2024, alleges that as a representative of Morgan Stanley and Wells Fargo, he implemented an unsuitable trading strategy, churned investments, made unauthorized trades, and “falsified his own records to hide misconduct.” The pending complaint alleges unspecified damages.

An earlier investor complaint, filed in 2000, alleged that as a representative of Gruntal & Company, he recommended unsuitable investments. The complaint reached a settlement of $9,000.

A third investor complaint, filed in 1998, alleged that as a representative of Gruntal & Company, he made unauthorized trades and recommended unsuitable investments. The complaint evolved into an arbitration proceeding before a FINRA panel, which issued an award to the customer of $58,579.

A fourth disclosure on Mr. Okun’s BrokerCheck report concerns his resignation from Morgan Stanley. Filed in August 2024, it states that he voluntarily resigned from the firm in connection with allegations that he exercised discretion in a customer account.

According to the Financial Industry Regulatory Authority, Neil Okun holds 30 years of securities industry experience. Currently registered as a broker with Trident Partners, his registration history includes Morgan Stanley (Boca Raton, Florida; 2019-2024), Wells Fargo Advisors (Coral Springs, Florida; 2014-2019), Oppenheimer & Company, Morgan Stanley, Citigroup Global Markets, Gruntal & Company, and Lehman Brothers. His credentials include the passage of three securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; and the Uniform Securities Agent State Law Examination, or Series 63. He is licensed in California, Connecticut, New York, Texas, and Washington. (Information current as of October 12, 2024.)

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