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FINRA has barred this individual from acting as a broker or otherwise associating with a broker-dealer firm.
The representative was previously registered both as an investment adviser and as a broker. Visit BrokerCheck for more information on this individual's Broker record. Go to BrokerCheck Site
Without admitting or denying the findings, Sutton consented to the sanction and to the entry of findings that he refused to provide information requested by FINRA in connection with its investigation of his conduct that led to his discharge by his member firm. The findings stated that Sutton had been discharged due to concerns that he may have incurred certain charges on a personal debit card issued through the firm that he reported as fraudulent and that he had been reimbursed for.
Resolution
Acceptance, Waiver & Consent(AWC)
Bar
Bar (Permanent)
Registration Capacities Affected
All Capacities
Duration
Indefinite
Start Date
4/30/2019
8/27/2018
Employment Separation After Allegations
Firm Name
Morgan Stanley Smith Barney
Termination Type
Discharged
Allegations
Allegations that the representative may have incurred certain charges on a personal debit card issued through Morgan Stanley which he reported as fraudulent and for which he had been reimbursed. There were no securities-related, sales practice, and/or customer activity involved.
12/11/2008
Customer Dispute
Denied
Allegations
CUSTOMER ALLEGES THAT FINANCIAL ADVISOR FAILED TO DELIVER A PROSPECTUS AND MISREPRESENTED THE NATURE OF AN INVESTMENT IN A MUNICIPAL BOND MUTUAL FUND.
Broker Comment
THE FINANCIAL ADVISOR AND THE FIRM DENY ANY WRONGDOING.
License(s)
The broker is not currently registered with any state or SRO.
A brokerage firm, also called a broker-dealer, is in the business of buying and selling securities – stocks, bonds, mutual funds, and certain other investment products – on behalf of its customer (as broker), for its own bank (dealer), or both. Individuals who work for broker-dealers - the sales personnel are commonly referred to as brokers.
IA
Investment Adviser
An investment adviser is paid for providing advice about securities to clients. In addition, some investment advisers manage investment portfolios and offer financial planning services.
Disclosures
Disclosures can be customer complaints or arbitrations, regulatory actions, employment terminations, bankruptcy filings and certain civil or criminal proceedings that they were a part of.
Disclosures can be customer complaints or arbitrations, regulatory actions, employment terminations, bankruptcy filings and certain civil or criminal proceedings that they were a part of.