Robert Caffery: ETF Complaint Against Morgan Stanley Rep

Robert Caffery

Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on March 13, 2019 indicate that California-based Morgan Stanley broker/adviser Robert Caffery has received resolved or pending customer disputes. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Caffery (CRD# 1174735).

Robert Caffery has spent 35 years in the securities industry and has been registered with Morgan Stanley in Palm Desert, California since 2009. Previous registrations include Morgan Stanley & Company in Palm Desert, California (2007-2009) and Morgan Stanley DW in Palm Desert, California (1983-2007). He has passed five securities industry examinations: Series 63 (Uniform Securities Agent State Law Examination), which he obtained on August 26, 1983; SIE (Securities Industry Essentials Examination), which he obtained on October 1, 2018; Series 3 (National Commodity Futures Examination), which he obtained on September 18, 1990; Series 7 (General Securities Representative Examination), which he obtained on August 20, 1983; and Series 8 (General Securities Sales Supervisor Examination [Options Module & General Module]), which he obtained on January 30, 1989. He is a registered broker and investment adviser wth 17 US states and territories: Alabama, Alaska, Arizona, California, Colorado, Florida, Illinois, Maine, Michigan, Nebraska, Nevada, New Mexico, New York, Ohio, Tennessee, Texas, and Washington. He is registered with four self-regulatory organizations (SROs): FINRA, NYSE American LLC, the Nasdaq Stock Market, and the New York Stock Exchange.

According to his BrokerCheck report, he has received two customer complaints and one pending customer complaint.

In February 2019 a customer alleged Robert Caffery, while employed at Morgan Stanley Smith Barney, recommended unsuitable exchange-traded fund investments from January 2011 through October 2018. The customer is seeking more than $47,300 in damages in the pending complaint.

In 2005 a customer alleged he, while employed at Morgan Stanley DW, recommended unsuitable mutual fund products. The customer sought more than $22,400 in damages in the complaint, which was withdrawn.

In 2004 a customer alleged Robert Caffery, while employed at Morgan Stanley DW, recommended unsuitable equity investments. The complaint settled fro $32,500.

In 2003 a customer alleged he, while employed at Morgan Stanley DW, made an unsuitable investment recommendation. The customer sought unspecified damages in the complaint, which was denied.

In 1999 a customer alleged Robert Caffery, while employed at Dean Witter Reynolds, breached his fiduciary duty, acted negligently, and made unsuitable investment recommendations. The complaint resulted in an award to the customer of $77,000.

If you or someone you know has lost money investing with Robert Caffery, call the experienced attorneys at Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup your losses. Fitapelli Kurta accepts all cases on a contingency basis: we only get paid if and when you collect money. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.