Allen Short Allegedly Misrepresented Tax Consequences of Investment Strategy
Allen Short (CRD #: 5279302), a broker registered with Morgan Stanley, allegedly misrepresented an investment strategy, according to his BrokerCheck record, accessed on May 11, 2023. Keep reading if you want to know more about his alleged conduct as a broker.
On April 24, 2023, an investor alleged that Allen Short misrepresented the tax consequences of an investment strategy involving the diversification of concentrated stock positions. The client alleges that this misrepresentation occurred in 2022. This dispute is currently pending.
FINRA Rule 2020
FINRA Rule 2020 forbids the use of deceptive, manipulative, and otherwise fraudulent tactics to influence the purchase and sale of securities. This includes the misrepresentation or omission of information, such as an investment’s fees, risks, or limitations.
FINRA Rule 2010
FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Violations of many other rules may also qualify as violations of FINRA Rule 2010.
Allen Short has passed the following exams:
- Series 66 – Uniform Combined State Law Examination
- SIE – Securities Industry Essentials Examination
- Series 7 – General Securities Representative Examination
Allen Short is a registered broker in Arizona and Minnesota. He is also a registered investment adviser in Minnesota.
He has also worked for the following firms:
- Wells Fargo Clearing Services (CRD#:19616)
- Wells Fargo Advisors (CRD#:19616)
- Merrill Lynch, Pierce, Fenner & Smith (CRD#:7691)
- Citigroup Global Markets (CRD#:7059)
Kurta Law Can Help
If you worked with Allen Short and you have concerns about your investments, please contact us today at 877-600-0098 or firstname.lastname@example.org 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 and 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.