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Christian Maguire: Did Morgan Stanley Advisor Misrepresent Investment?
Recent investor complaints against Garden City financial advisor Christian Maguire (CRD# 5069359) allege he misrepresented material facts and made an unauthorized transaction. Financial Industry Regulatory Authority records show that he is a broker and an investment advisor with Morgan Stanley.
Mr. Maguire’s BrokerCheck report discloses four investor complaints. The most recent, filed in November 2022, alleged that he misrepresented material facts concerning an alternative investment. The complaint alleged unspecified damages and was denied by Morgan Stanley.
A second investor complaint, filed in 2021, alleged that he sold stocks in a customer’s trust account without authorization. The complaint reached a settlement of $10,000.
A third complaint, filed in 2008, alleged that he misrepresented a variable annuity product “as a fixed investment.” The complaint alleged unspecified damages and was denied.
A fourth investor complaint, filed in 2008, concerned the sale of an auction rate security prior to the widespread illiquidity in the market for auction rate securities. The complaint settled with the firm’s repurchase of securities at par value, for $200,000.
According to the Financial Industry Regulatory Authority, Christian Maguire holds 16 years of securities industry experience. Based in Garden City, New York, he has been a broker and an investment advisor with Morgan Stanley since 2009. His past registrations include Morgan Stanley & Company (Garden City, New York; 2007-2009) and Morgan Stanley DW (Garden City, New York; 2006-2007). His credentials include the passage of six securities industry qualifying exams: the General Securities Sales Supervisor – General Module Examination, or Series 10; the General Securities Representative Examination, or Series 7; the Futures Managed Funds Examination, or Series 31; the National Commodity Futures Examination, or Series 3; the Securities Industry Essentials Examination, or SIE; and the Uniform Combined State Law Examination, or Series 66. He currently holds 54 state licenses. (Information current as of January 2, 2023.)
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