Victim of Financial Fraud? Call Now

Alfred Bozzo Allegedly Executed an Excessive Number of Trades 

Aug 21, 2023 Excessive Trading

Alfred Bozzo (CRD #: 1403968), a broker registered with Morgan Stanley, is facing an investor dispute. This is according to his BrokerCheck record, accessed on August 16, 2023. If you want to know more about his alleged conduct as a broker, keep reading. 

On June 21, 2023, investors alleged that Alfred Bozzo executed an excessive number of trades. This excessive trading took place from 2021 to 2023. 

FINRA Rule 2111 

FINRA Rule 2111 requires brokers to evaluate whether an investment fits their investor’s financial goals.

Some common violations of this rule include:

  • Excessive trading, which violates the need for quantitative suitability. This means that overall trading activity must also suit an investor’s goals.
  • Recommendations of unsuitable investment strategies. For instance, overconcentration of securities in a certain stock or sector is typically unsuitable due to the degree of risk.
  • Recommendations of high-risk or illiquid investments. These investments may lead to losses or high fees for the investor.

Investors who rely on brokers for recommendations may be able to recover their losses by pursuing FINRA arbitration.

Background Information 

Alfred Bozzo has passed the following exams: 

  • Series 65 Uniform Investment Adviser Law Examination 
  • Series 63 Uniform Securities Agent State Law Examination 
  • SIE – Securities Industry Essentials Examination 
  • Series 3 National Commodity Futures Examination 
  • Series 7 General Securities Representative Examination 

He is a registered broker in 34 states and D.C. He is a registered investment adviser in D.C., Oklahoma, Texas, and Virginia. 

Alfred Bozzo has registered with the following firms: 

  • Morgan Stanley (CRD #: 149777) 
  • CitiGroup Global Markets (CRD #: 7059) 
  • Lehman Brothers (CRD #: 7506) 
  • E.F. Hutton & Company (CRD #: 235) 

Kurta Law Can Help

If you worked with Alfred Bozzo and you have concerns about your investments, please contact us today at 877-600-0098 or for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.