Traci Marchi: $370K Fraud Complaint Against Morgan Stanley Advisor

Tucson, Arizona financial advisor Traci Marchi (CRD# 3149504) recently received an investor complaint alleging that she engaged in elder abuse and unjust enrichment. Financial Industry Regulatory Authority records show that she is registered as a broker and an investment advisor with Morgan Stanley.

Ms. Marchi’s BrokerCheck report discloses one investor complaint. Filed in June 2024, it alleges that as a representative of Morgan Stanley, she committed fraud, engaged in elder abuse, breached her fiduciary duty, improperly received funds, engaged in unjust enrichment and conversion of funds, and breached contract in connection with a real estate company “not involving the firm.” The pending complaint alleges damages of $370,464.35.

The website for Morgan Stanley’s Tucson branch, where Ms. Marchi is a representative, includes a section describing the firm’s services, including retirement planning, college planning, cashflow strategies, and long-term care insurance. “We help our clients develop a customized, individual and dynamic strategy and then convert it into action, enabling our client’s to access their information when and how they choose,” it explains. “We act with integrity to provide clarity for our clients through the volatility, uncertainty and complexity associated with changing financial markets.”

According to the Financial Industry Regulatory Authority, Traci Marchi holds 25 years of securities industry experience. Based in Tucson, Arizona, she has been registered as a broker and an investment advisor with Morgan Stanley since 2009. Her past registrations include Citigroup Global Markets and UBS Financial Services. Her 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 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. She holds 56 state licenses. (Information current as of August 3, 2024.)

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