Boston Broker Cornelius Peterson Fired for Allegations of Misappropriating Client Assets

Boston broker Cornelius Peterson (CRD# 5769919) was terminated from Morgan Stanley Wealth Management on June 26, 2017. According to a recent BrokerCheck report available through the Financial Industry Regulatory Authority (FINRA), Cornelius was discharged due to allegations involving misappropriating client assets.

FINRA Rule 2150 forbids brokers from,

“making improper use of a customer’s securities or funds,” and continues by stating conversion “generally is an intentional and unauthorized taking of and/or exercise of ownership over property by one who neither owns the property nor is entitled to possess it.”

Currently, Peterson is not registered with any firm or state. He was with Morgan Stanley of Boston from 2011 until his termination in June 2017.

If you believe you have been a victim of Cornelius Peterson or any other investment broker who might have been misappropriating client assets, contact the investment fraud attorneys at Meyer Wilson for a free consultation today.

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