Samuel Duckett: Option Strategy Complaint Against Graystone Advisor

A recent investor complaint against Austin, Texas financial advisor Samuel Duckett (CRD# 5820876) alleges that his conduct resulted in damages. Financial Industry Regulatory Authority records show that he is registered as a broker and an investment advisor with Morgan Stanley, whose website shows that he is a member of Graystone Consulting, a practice within the firm.

Mr. Duckett’s BrokerCheck report discloses one investor complaint. Filed in March 2026, it alleges that as a representative of Morgan Stanley, he misrepresented material facts relating to a covered call option strategy. The pending complaint alleges damages of an unspecified amount.

Investors should be aware that FINRA rules and other securities industry standards prohibit brokers like Mr. Duckett from giving customers incomplete or misleading information regarding investments. FINRA Rule 2020 specifically stipulates that no registered representative may “effect any transaction in, or induce the purchase or sale of, any security by means of any manipulative, deceptive or other fraudulent device or contrivance.” Brokers who make misrepresentations or omissions of material facts regarding investment recommendations may lead their clients to invest in unsuitable securities, in violation of FINRA Rule 2111. Representatives who misrepresent and/or recommend unsuitable investments may be held liable for damages in the event of losses. They may also be subject to disciplinary action by FINRA, the Securities and Exchange Commission, or state securities regulators.

According to the Financial Industry Regulatory Authority, Samuel Duckett holds six years of securities industry experience. Based in Austin, Texas, he has been registered as a broker and an investment advisor with Morgan Stanley since 2020. His credentials include the passage of three securities industry qualifying exams: the Securities Industry Essentials Examination, or SIE; the Uniform Combined State Law Examination, or Series 66; and the General Securities Representative Examination, or Series 7TO. He holds 46 state licenses. (Information current as of May 23, 2026.)

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.