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Michael Coughlin: $500K Complaint Against Ex-Morgan Stanley Advisor
Former Stamford, Connecticut financial advisor Michael Coughlin (CRD# 2055946) recently received an investor complaint alleging damages of half a million dollars. Financial Industry Regulatory Authority records show that he was most recently registered as a broker with Morgan Stanley.
Mr. Coughlin’s BrokerCheck report discloses two investor complaints. The most recent, filed in August 2022, alleges that as a representative of Morgan Stanley, he recommended unsuitable investments between January 2009 and November 2021. (For reference, FINRA rules prohibit brokers from recommending investments that are not suitable for an investor’s background and objectives.) The pending complaint alleges damages of $500,000.
An earlier investor complaint, filed in 2011, alleged that he misrepresented material facts relating to investments in closed-end funds while at Morgan Stanley. The complaint alleged unspecified damages and was denied by the firm.
According to the Financial Industry Regulatory Authority, Michael Coughlin holds 31 years of securities industry experience. Most recently based in Stamford, Connecticut, he was a representative of Morgan Stanley from 2009 until 2022. His past registrations include Citigroup Global Markets (Stamford, Connecticut; 1993-2009) and Lehman Brothers (New York, new York; 1990-1993). His credentials include the passage of five securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the National Commodity Futures Examination, or Series 3; the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Investment Adviser Law Examination, or Series 65. He is currently not registered with any state or FINRA broker-dealer firm. (Information current as of December 9, 2022.)
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