Enrique Vila: $4.5mm Complaint Against Ex-Morgan Stanley Advisor

Miami, Florida financial advisor Enrique Vila (CRD# 3113492) recently received an investor complaint alleging that his advice resulted in seven-figure damages. Financial Industry Regulatory Authority records show that he is registered as a broker and an investment advisor with Bulltick.

Mr. Vila’s BrokerCheck report discloses multiple investor complaints. The most recent, filed in October 2026, alleges that as a Morgan Stanley representative, he violated Regulation Best Interest in connection with an investment strategy undertaken in the customers’ accounts. The pending complaint alleges damages of $4,593,125.

An earlier investor complaint, filed in 2011, alleged that as a Merrill Lynch representative, he placed unauthorized trades in the customer’s account. In 2012 the complaint reached a settlement of $167,093.32.

A third disclosure on his BrokerCheck report concerns a FINRA disciplinary action against him. Filed in 2012, the action alleged that he exercised discretion in a customer’s account without obtaining written authorization from the customer or his firm’s acceptance of the account as discretionary. FINRA suspended him for 15 days and ordered him to pay a fine of $5,000.

FINRA registered representatives like Mr. Vila are beholden to rules governing trading authority and the recommendations they make. FINRA Rule 3260 generally prohibits a broker from exercising discretion in a customer’s account without prior written authorization. Recommendations must also be suitable under FINRA Rule 2111. FINRA Rule 2010 requires representatives to “observe high standards of commercial honor and just and equitable principles of trade.” Brokers who recommend unsuitable investments may be held liable in the event of losses.

According to the Financial Industry Regulatory Authority, Enrique Vila holds 27 years of securities industry experience. Based in Miami, Florida, he has been registered as a broker and an investment advisor with Bulltick since 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 7; and the Uniform Combined State Law Examination, or Series 66. He holds 7 state licenses. (Information current as of November 9, 2026.)

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.