Columbus, Ohio financial advisor Tom Bates (CRD# 1037294) allegedly gave misleading investment advice, according to a recent investor complaint. Financial...Read More
Max Elson Jr.: $635K Complaint Against Morgan Stanley Advisor
Champions Gate, Florida financial advisor Max Elson Jr. (CRD# 4430278) recently received an investor complaint alleging that his advice resulted in six-figure damages. Financial Industry Regulatory Authority records show that he is a broker and an investment advisor with Morgan Stanley.
Mr. Elson’s BrokerCheck report discloses one investor complaint. Filed in September 2023, it alleges that as a representative of Morgan Stanley, he did not invest the customer’s account in his best interests. For reference, FINRA Rule 2111—also known as its suitability rule—requires brokers to recommend investments and strategies which they have a reasonable basis to believe are appropriate for a customer’s individual investment profile. The pending complaint alleges of $635,999.
As Mr. Elson’s profile on Morgan Stanley’s website states, he helps oversee his clients’ entire financial picture. “I strive to build portfolios that reflect my clients’ individual objectives, lifestyle expectations, cash flow needs, and their desires for their business and family,” it goes on to state. “My approach to portfolio construction seeks to optimize the relationship between risk and return in order to help achieve the desired objectives. Because an investment plan is only as good as your ability to stick with it.”
According to the Financial Industry Regulatory Authority, Max Elson Jr. holds 22 years of securities industry experience. Based in Champions Gate, Florida, he has been a broker and an investment advisor with Morgan Stanley since 2009. His registration history includes Morgan Stanley & Company (Celebration, Florida; 2007-2009), Morgan Stanley DW (Orlando, Florida; 2007), and Robert W. Baird & Company (Orlando, Florida; 2001-2007). 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 Sales Supervisor – Options Module Examination, or Series 9; the General Securities Representative Examination, or Series 7; the Futures Managed Funds Examination, or Series 31; the Securities Industry Essentials Examination, or SIE; and the Uniform Combined State Law Examination, or Series 66. He holds 25 state licenses. (Information current as of October 9, 2023.)
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.