Robert Alegria: Bond Complaint Against Morgan Stanley Advisor

Miami financial advisor Robert Alegria (CRD# 5978340) allegedly recommended unsuitable investments, according to a recent investor complaint. Financial Industry Regulatory Authority records show that he is registered as a broker and an investment advisor with Morgan Stanley, having previously been registered with RBC Capital Markets.

Mr. Alegria’s BrokerCheck report discloses two investor complaints. The most recent, filed in June 2025, alleges that as a representative of Morgan Stanley, he recommended unsuitable corporate bond investments and violated the SEC’s Regulation Best Interest in connection with a securities-backed line of credit strategy. The pending complaint alleges unspecified damages.

An earlier investor complaint, filed in 2015, alleged that as a representative of RBC Capital Markets, alleged that he recommended investments that were not in line with the customer’s profile. The complaint reached a settlement of $21,000.

Investors should be aware that Rule 15l-1(a)(1) of the Securities and Exchange Act of 1934, also known as Regulation Best Interest, requires advisors like Mr. Alegria to recommend only investments and strategies that are in their clients’ best interests. The rule states specifically that firms and their representatives must “act in the best interest of the retail customer at the time the recommendation is made, without placing the financial or other interest of the broker, dealer, or natural person who is an associated person of a broker or dealer making the recommendation ahead of the interest of the retail customer.” This rule is similar to FINRA’s suitability rule, which requires brokers to recommend investments that are in line with their customers’ background and objectives.

According to the Financial Industry Regulatory Authority, Robert Alegria holds 13 years of securities industry experience. Based in Miami, Florida, he has been registered as a broker and an investment advisor with Morgan Stanley since 2015. He was previously registered with RBC Capital Markets in Miami from 2011 until 2015. His credentials include the passage of three securities industry qualifying exams: the Uniform Combined State Law Examination, or Series 66; the Securities Industry Essentials Examination, or SIE; and the General Securities Representative Examination, or Series 7. He holds 26 state licenses. (Information current as of July 6, 2025.)

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