Gregory Libby: $500K Complaint Against Morgan Stanley Advisor

A recent investor complaint against Paramus, New Jersey financial advisor Gregory Libby (CRD# 2455485) alleges that his advice resulted in six-figure damages. Financial Industry Regulatory Authority records show that he is registered as a broker and an investment advisor with Morgan Stanley.

Mr. Libby’s BrokerCheck report discloses two investor complaints. The most recent, filed in May 2025, alleges that as a representative of Morgan Stanley, he executed an unsuitable investment strategy in the customer’s account. The pending complaint alleges damages of $500,000.

An earlier investor complaint, filed in 2023, similarly alleged that as a Morgan Stanley representative, he implemented an unsuitable investment strategy in the customer’s retirement plan. In 2024 the complaint reached a settlement of $50,000.

Morgan Stanley’s website includes a profile of Mr. Libby in which he describes his services as a broker. “As your Financial Advisor, 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,” it explains. “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, Gregory Libby holds 31 years of securities industry experience. Based in Paramus, New Jersey, he has been registered as a broker and an investment advisor with Morgan Stanley since 2009. His past registrations include Citigroup Global Markets, Smith Barney, and Dean Witter Reynolds. His credentials include the passage of four securities industry qualifying exams: the Securities Industry Essentials Examination, or SIE; the General Securities Representative Examination, or Series 7; the Futures Managed Funds Examination, or Series 31; and the Uniform Securities Agent State Law Examination, or Series 63. He holds 44 state licenses. (Information current as of June 19, 2025.)

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.