Evan Savarick: $140K Complaint Against Savarick Group Advisor

Evan Savarick (CRD# 5153903), a financial advisor based in Plantation, Florida, has received investor complaints alleging he made unsuitable options trades and failed to follow instructions. Financial Industry Regulatory Authority records show that he is a broker and investment advisor with Morgan Stanley, where he is part of The Savarick Group. 

Mr. Savarick’s BrokerCheck report discloses two investor complaints. The most recent, filed in April 2022, alleges that as a representative of Morgan Stanley, he made unsuitable trades involving Netflix stock options. The pending complaint alleges unspecified damages. 

A second investor complaint, filed in 2020, alleges that as a representative of Morgan Stanley, he failed to follow instructions with respect to the customer’s managed accounts. The pending complaint alleges damages of $140,000.

According to the Financial Industry Regulatory Authority, Evan Savarick holds eight years of securities industry experience. Based in Plantation, Florida, he has been a broker and investment advisor with Morgan Stanley, where he is a member of the Savarick Group, since 2013. He has no past registrations. His credentials include the passage of three securities industry qualifying examinations: the General Securities Representative Examination, or Series 7; the Uniform Combined State Law Examination, or Series 66; and the Securities Industry Essentials Examination, or SIE. He is licensed in Alabama, Arizona, Colorado, Delaware, Florida, Georgia, Illinois, Kansas, Maryland, Massachusetts, Michigan, Missouri, Nevada, New Jersey, New Mexico, New York, North Carolina, Oregon, Rhode Island, South Carolina, Texas, Virginia, Washington, and Wisconsin. He is registered with four self-regulatory organizations, or SROs: FINRA, NYSE American, the Nasdaq Stock Market, and the New York Stock Exchange. (Information current as of July 13, 2022.)

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