If you are or were a client of Stifel Financial broker Loren Morrison (CRD# 4578161) and have suffered investment losses, you may be able to file a FINRA arbitration claim to recover your losses. Morrison has been registered with Stifel’s Southfield, Michigan office since 2021, and previously was with LPL Financial LLC in the same location from 2009 to 2021.
Complaints from Customers of Loren Morrison
According to public records, Loren Morrison has been the subject of four customer complaints filed between 2010 and 2022. The recent complaints pertain to:
December 2022
The complaint, which is pending as of this blog posting, alleges, among things, that Morrison violated the Michigan Uniform Securities Act and Consumer Protection Act, made unsuitable investment recommendations, was negligent, committed fraud, and breached fiduciary duties. The allegations pertain to common and preferred stocks and occurred during Loren Morrison's registration with Stifel Financial.
August 2022
This case also is pending as of the writing of this blog. The claimant alleges that Morrison was negligent, breached fiduciary duties, and recommended unsuitable investments. The customer seeks damages of $1.8 million. This complaint also involves common and preferred stocks and occurred at Stifel Financial
June 2022
The claimant alleges that there was a failure to conduct adequate due diligence before making a recommendation, along with unsuitable recommendations, negligence, excessive trading, unauthorized trading, breach of fiduciary duty, and breach of contract. This case also is pending as of the writing of this blog.
Under FINRA rules, member firms have the responsibility of supervising a broker’s activities while they are registered with the firm. Therefore, the firm may be held accountable for any investment or other losses experienced by customers of Loren Morrison.
Contact an Experienced Securities Lawyer at Dimond Kaplan and Rothstein P.A. Today
Dimond Kaplan and Rothstein P.A. (DKR) is recognized nationally for its work representing investment fraud and stockbroker negligence victims. DKR represents investors in the United States and Latin America who have experienced investment losses due to broker or brokerage firm wrongdoing. If you have experienced investment losses, please do not hesitate to call us at 1.855.758.0653 for a FREE case evaluation or fill out our contact form to schedule a free consultation. We represent individuals, trusts, corporations, and institutions in claims against brokerage firms, banks, and insurance companies on a contingency fee basis.
