Nick Iarrapino: Wells Fargo Advisor Resigned from Morgan Stanley

Hackensack, New Jersey financial advisor Nick Iarrapino (CRD# 7588258) recently resigned from his former member firm in connection with alleged rule violations. Financial Industry Regulatory Authority records show that he is registered as a broker and an investment advisor with Wells Fargo Advisors Financial Network, having previously been registered with Morgan Stanley.

Mr. Iarrapino’s BrokerCheck report discloses his resignation from Morgan Stanley. Filed in July 2025, it states that he voluntarily departed the firm in connection with allegations involving “the movement of client positions between different account types.”

While the disclosure does not specify the circumstances surrounding Mr. Iarrapino’s resignation, it may relate to several FINRA rules. FINRA Rule 2010, for instance, requires FINRA-associated persons to “observe high standards of commercial honor and just and equitable principles of trade.” Many types of unethical conduct, such as unapproved or otherwise unsuitable account transfers, may be found to constitute violations of FINRA Rule 2010, provided the alleged activities occur “in the conduct of [the member’s] business.” Brokers who fail to uphold FINRA Rule 2010 may be held liable in the event of losses.

Wells Fargo’s website includes a profile of Mr. Iarrapino that describes his experience and services as a Senior Registered Client Associate on a team led by Alexander Fischman and Shalom Azar. As it explains, he uses his “experience in relationship management” to help clients meet their financial goals and administrative needs.

According to the Financial Industry Regulatory Authority, Nick Iarrapino holds two years of securities industry experience. Based in Hackensack, New Jersey, he has been registered as a broker and an investment advisor with Wells Fargo Advisors Financial Network since July 2025. His past registrations include Morgan Stanley and Merrill Lynch. His credentials include the passage of three securities industry qualifying exams: the Securities Industry Essentials Examination, or SIE; the General Securities Representative Examination, or Series 7TO; and the Uniform Combined State Law Examination, or Series 66. He holds 55 state licenses. (Information current as of October 14, 2025.)

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