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Adam Stowell: $1 Million Complaint Against Morgan Stanley Rep

Alpharetta, Georgia-based broker and investment adviser Adam Stowell (CRD# 5889607) has received a pending customer complaint alleging seven-figure losses. According to records provided by the Financial Industry Regulatory Authority (FINRA) Stowell is currently a registered representative of Morgan Stanley.

Adam Stowell’s FINRA-maintained BrokerCheck report lists a single pending customer complaint against him. Filed in February 2021, the complaint alleges that as a representative of Morgan Stanley, Adam Stowell failed to follow instructions with regard to investments in common and preferred stock between 2014 and 2020. The pending complaint alleges damages of $1,104.918.20.

His member firm, Morgan Stanley, has itself received 97 customer complaints that resulted in awards to the customer, according to its BrokerCheck report. A complaint filed in July 2020, for instance, alleged the firm breached its fiduciary duty, churned investments, misrepresented material facts, recommended unsuitable investments, breached contract, failed in its supervisory duties, and acted negligently. The complaint concluded in an award to the claimant of $782,278.90. A complaint filed in February 2020 alleged the firm breached its fiduciary duty, committed fraud, omitted material facts, breached contract, and engaged in negligence; the complaint resulted in a $172,813 award to the claimant. An August 2019 complaint alleged the firm breached its fiduciary duty, misrepresented and omitted facts, breached contract, made unsuitable recommendations, made erroneous charges, failed in its supervisory duties, and acted negligently; the complaint led to an award to the claimant of $309,038.

According to the Financial Industry Regulatory Authority, Adam Stowell has been a registered broker and investment adviser with Morgan Stanley’s Alpharetta, Georgia branch office since 2014. Before that he was registered with E*Trade Securities in Alpharetta, Georgia from 2011 to 2014. He has passed four securities industry qualifying examinations: the Uniform Combined State Law Examination, or Series 66; the Uniform Securities Agent State Law Examination, or Series 63; the Securities Industry Essentials Examination, or SIE; the National Commodity Futures Examination, or Series 3; and the General Securities Representative Examination, or Series 7. (Information current as of June 6, 2021.)

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