Morgan Stanley’s Walter Lim: $673K Options Strategy Complaint

A recent investor complaint against San Francisco financial advisor Walter Lim (CRD# 1747688) alleges six-figure damages relating to an options trading strategy. Financial Industry Regulatory Authority records show that he is a broker and an investment advisor with Morgan Stanley, and that he previously received another investor complaint that was denied.

Mr. Lim’s BrokerCheck report discloses two investor  complaints. The most recent, filed in November 2022, alleges that as a representative of Morgan Stanley, he implemented an unsuitable covered call options strategy in the client’s account in 2021 and 2022. The pending complaint alleges damages of $673,000.

An earlier investor complaint, filed in 2006, alleged that as a representative of Citigroup Global Markets, he unsuitably managed a party of clients’ accounts. The complaint alleged unspecified damages and was denied by the firm. 

According to the Financial Industry Regulatory Authority, Walter Lim holds 34 years of securities industry experience. Based in San Francisco, California, he has been a broker and an investment advisor with Morgan Stanley since 2009. His past registrations include Citigroup Global Markets (San Francisco, California; 1993-2009), Lehman Brothers (New York, New York; 1988-1993), and Dean Witter Reynolds (1988). His credentials include the passage of five securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the Futures Managed Funds Examination, or Series 31; 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 licensed in Arizona, Arkansas, California, Colorado, Connecticut, the District of Columbia, Florida, Georgia, Hawaii, Illinois, Indiana, Kentucky, Maryland, Nevada, New York, North Carolina, Ohio, Oregon, Tennessee, Texas, Utah, Virginia, and Washington. (Information current as of December 17, 2022.)

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