Call Now For a Free Consultation:
(614) 502-6165

Former Morgan Stanley Broker Kevin Woolf Barred for Noncompliance with FINRA Investigation

Former Morgan Stanley broker Kevin Woolf was under investigation by FINRA for allegations that he engaged in numerous outside business activities, including hotel development, and took part in marketing undisclosed private securities offering for that development to customers of Morgan Stanley.

According to FINRA, Woolf voluntarily resigned from his position with Morgan Stanley while under an internal review for allegedly conducting outside business activity involving an undisclosed private securities offering for a real estate project.

FINRA requested Woolf to appear for testimony and provide certain documents and information to the investigators. Although he acknowledged that he received the request, Woolf failed to appear and refused to produce the information and documents that FINRA requested. Instead, without admitting to any wrongdoing, Woolf signed a Letter of Acceptance and Waiver and Consent (AWC), and was barred from working with FINRA member firms as a result.

Has Investment Advice Caused You to Lose Money?

Brokerage firms are required to supervise the activities of their associates to ensure compliance with FINRA rules. When brokers like Kevin Woolf commit FINRA violations like marketing undisclosed private securities to customers while registered with a brokerage firm, the brokerage firm can be held liable for any resulting damages.

If you lost money while working with Kevin Woolfe, you may be able to recoup losses.

Related Posts:

The information contained in The Firm’s posts on its blog, fraud alerts, investigations or elsewhere on the site is based upon information obtained from other sources including, but not limited to, news outlets and federal, state, and regulatory agency filings. All suspects and subjects of postings herein are presumed innocent until proven guilty in a court of law or administrative action and any and all crimes are alleged until a court or regulatory agency finds otherwise .

Share This Story
If you found the information provided by this article useful, consider sharing to your social media channels to help others in their search for reliable resources.
Consult with Our Legal Team
There is never a cost associated with a consultation
Columbus Office

614-224-6000
305 W. Nationwide Blvd
Columbus, OH 43215
Meyer Wilson
New Orleans Office

900 Camp Street 
Suite 337
New Orleans, LA 70130
Los Angeles Office

310-905-8688
2029 Century Park East,
Suite 400N
Los Angeles, CA 90067
Cleveland Office

216-600-1355
4781 Richmond Rd.
Suite 400
Warrensville Heights, OH 44128
Bloomfield Hills Office

248-817-8214
41000 Woodward Ave.,
Suite 350
Bloomfield Hills, MI 48304
Quick Links
The information contained in this Website is provided for informational purposes only, and should not be construed as legal advice on any subject matter. No recipients of content from this site, clients or otherwise, should act or refrain from acting on the basis of any content included in the site without seeking the appropriate legal or other professional advice on the particular facts and circumstances at issue from an attorney licensed in the recipient's state. Read More
The information contained in this Website is provided for informational purposes only, and should not be construed as legal advice on any subject matter.
Read More
chevron-down linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram