Skip to main content

Exit WCAG Theme

Switch to Non-ADA Website

Accessibility Options

Select Text Sizes

Select Text Color

Website Accessibility Information Close Options
Close Menu
Carlson Law, P.A. Motto
  • Free Consultation
  • ~

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

By submitting this form I acknowledge that form submissions via this website do not create an attorney-client relationship, and any information I send is not protected by attorney-client privilege.

Latest Blog Posts

Steven Hirata: FINRA Sanctions, Bars Ex-PFS Investments Advisor

Former Fresno financial advisor Steven Hirata (CRD# 1188927) was recently sanctioned by the Financial Industry Regulatory Authority for allegedly refusing to cooperate with an investigation into his conduct. FINRA records...

Read More

Rod Thomas: GPB Auto Complaint Against Former SCF Securities Advisor

Boca Raton financial advisory Rod Thomas (CRD# 4010563) recommended an unsuitable investment in GPB Automotive, according to a recent investor complaint against him. Financial Industry Regulatory Authority records show that...

Read More

Scott Brooks: GPB Capital Complaint Against Gold Coast Advisor

San Clemente, California financial advisor Scott Brooks (CRD# 3235252) recently received an investor complaint alleging he engaged in negligence and other forms of misconduct. Financial Industry Regulatory Authority records show...

Read More

By submitting this form I acknowledge that form submissions via this website do not create an attorney-client relationship, and any information I send is not protected by attorney-client privilege.

Skip footer and go back to main navigation