Switch to ADA Accessible Theme
Close Menu
Free Consultation: 888-976-6111

Morgan Stanley’s Craig Thistlewaite Has Options Strategy Complaints

Craig Thistlewaite (CRD# 2507050), a stockbroker in Perrysburg, Ohio, has received investor complaints concerning a stock option trading strategy. Financial Industry Regulatory Authority records show that he is a broker and investment advisor with Morgan Stanley, having previously been registered with Citigroup Global Markets and other firms. 

Mr. Thistlewaite’s BrokerCheck report discloses two pending investor complaints. The most recent was filed in February 2022, alleging that as a representative of Morgan Stanley, he recommended an unsuitable stock option trading strategy from May 2015 until May 2021. The pending complaint alleges unspecified damages.

A second pending investor complaint was filed in August 2021. It alleges that as a representative of Morgan Stanley, he breached his fiduciary duty with respect to a stock option trading strategy from 2010 until 2015. This pending complaint also alleges unspecified damages. 

For reference, FINRA rules mandate that associated representatives must follow the suitability standard, under which they may recommend only investments they have a reasonable basis to believe are suitable for their customers’ investment profiles. This includes such factors as the customer’s investment goals, their investment experience, their age, their net worth, their risk tolerance, and more. The suitability standard is similar to but distinct from the fiduciary standard followed by investment advisers, which requires placing the investor’s interests above the advisor’s.

According to the Financial Industry Regulatory Authority, Craig Thistlewaite holds 26 years of securities industry experience. Based in Perryburg, Ohio, he has been a broker and investment advisor with Morgan Stanley since 2009. His past registrations include Citigroup Global Markets (Toledo, Ohio; 2006-2009), McDonald Investments (Perrysburg, Ohio; 2001-2006), Dean Witter Reynolds (Purchase, New York; 1996-2001), American Express Financial Advisors (Minneapolis, Minnesota; 1995-1996) and IDS Life Insurance Company (Minneapolis, Minnesota; 1995-1996). His credentials include the passage of seven securities industry qualifying exams: the General Securities Sales Supervisor – Options Module Examination, or Series 9; the General Securities Sales Supervisor – General Module Examination, or Series 10; the General Securities Representative Examination, or Series 7; the Uniform Investment Adviser Law Examination, or Series 65; the Uniform Securities Agent State Law Examination, or Series 63; the Futures Managed Funds Examination, or Series 31; and the Securities Industry Essentials Examination, or SIE. He holds 32 state licenses. (Information current as of June 12, 2022.)

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.

Facebook Twitter LinkedIn
Contact Us For A Free Case Evaluation
Latest Blog Posts
  • Jorge Sonville: $4 Million Complaint Against Sanctioned Miami Advisor

    Insigneo Securities financial advisor Jorge Sonville (CRD# 2558540) has been sanctioned over allegations he improperly loaned money to a customer....

    Read More
  • Ann Box: Did Barred Cambridge Advisor Misappropriate Funds?

    Dallas financial advisor Ann Box (CRD# 1662151) has been barred by the Financial Industry Regulatory Authority, which found she refused...

    Read More
  • FINRA Suspends Fairfield Advisor Denise Sobczak: Forgery Allegations

    Kestra Investment Services financial advisor Denise Sobczak (CRD# 3078128) allegedly forged customer signatures, according to a recent Financial Industry Regulatory...

    Read More
  • Brian Donnelly: Manhattan Ridge Advisor Suspended by FINRA

    Former Iselin, New Jersey financial advisor Brian Donnelly (CRD# 4288121) allegedly participated in an undisclosed private securities transaction, according to...

    Read More
  • Previous
  • Next