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Morgan Stanley’s Brian Purcell Faces Structured Products Complaint
Santa Rosa, California financial advisor Brian Purcell (CRD# 2334888) allegedly provided unsuitable investment advice, according to a recent investor complaint. Financial Industry Regulatory Authority records show that he is a broker and an investment advisor with Morgan Stanley, having previously been registered with Merrill Lynch.
Mr. Purcell’s BrokerCheck report discloses one investor complaint. Filed in August 2023, it alleges that as a representative of Morgan Stanley, he recommended an unsuitable investment strategy, which included structured products and managed/wrap accounts. The pending complaint alleges unspecified damages.
As his profile on Morgan Stanley’s website states, Mr. Purcell’s services include financial planning, wealth management, long-term care insurance, and sustainable investing. “I can help you define and strive to meet your goals by delivering a vast array of resources to you in the way that is most appropriate for how you invest and what you want to achieve,” he wrote in a section titled “Professional Experience.” “Working together I can help you to preserve and grow your wealth. You will have access to some of the world’s most seasoned and respected investment professionals, a premier trading and execution platform and a full spectrum of investment choices.”
According to the Financial Industry Regulatory Authority, Brian Purcell holds 18 years of securities industry experience. Based in Santa Rosa, California, he has been a broker and an investment advisor with Morgan Stanley since 2014. His past registrations include Merrill Lynch (Santa Rosa, California; 2006-2014), American Express Financial Advisors (Minneapolis, Minnesota; 1993-1995), and IDS Life Insurance Company (Minneapolis, Minnesota; 1993-1995). His credentials include the passage of four securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Combined State Law Examination, or Series 66. He holds 36 state licenses. (Information current as of September 17, 2023.)
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