Call Now For a Free Consultation:
(614) 532-4576
Nationwide Representation

Former Morgan Stanley Broker Peter Doyle Barred by FINRA

Former Morgan Stanley broker Peter Doyle is barred from associating with any FINRA member firm in any capacity as a part of a Letter of Acceptance, Waiver & Consent (AWC) entered by FINRA on July 28, 2017.

Peter Doyle was discharged from Morgan Stanley on June 24, 2016, for failing to adhere to firm policies and/or industry rules, including the use of trading discretion in a customer’s account. Earlier that month, Morgan Stanley was ordered by a FINRA arbitration panel to pay over $8 million in damages in a customer dispute concerning allegations that Peter Doyle made unauthorized trades, failed to disclose fees, and engaged in the financial abuse of an elderly customer.

More recently, another customer dispute was filed against Morgan Stanley involving allegations that Peter Doyle made unsuitable investment recommendations to a customer from 2008 until 2016. That dispute was ultimately settled for $600,000.

According to the AWC entered last month by FINRA, Peter Doyle refused to appear for on-the-record testimony related to the events that led to his discharge from Morgan Stanley.

Peter Doyle had been working as a stockbroker since 1995. He worked in New York and Washington, D.C. Most recently, he was working for H. Beck Inc. in Bethesda, Md.

The securities arbitration lawyers at Meyer Wilson have represented thousands of investors and are experienced at reviewing and investigating allegations of broker unsuitability. Call or fill out an online form for your free and confidential case evaluation.

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
Atlanta Office

945 East Paces Ferry Road, Suite 2275
Atlanta, GA 30326
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