Anthony Gallea Embroiled in Six-Figure Investor Dispute
Anthony Gallea (CRD #:713980), a registered broker and investment advisor with Morgan Stanley, is involved in an investor dispute, according to his BrokerCheck record, accessed on October 27, 2021. Keep reading for more details regarding the allegations.
Investor Dispute Allegations
On September 9, 2021, an investor alleged that between 2020 and 2021, Anthony Gallea misrepresented a covered call option strategy. Covered call options are complex investments and the majority of investors lose their investment when they buy a call option contract. The investor is seeking $900,000; the dispute is still pending.
FINRA Rule 2020
FINRA Rule 2020 prohibits brokerage firms and stockbrokers from making material misrepresentations of fact to induce an investor in connection with the sale or purchase of an investment. Misrepresentation also violates The Securities Act of 1933, which prohibits deceit, misrepresentation, and other fraud in the sale of securities. Anthony Gallea’s alleged conduct is also unethical and a violation of FINRA Rule 2010 which states the brokers must uphold the highest standards of commercial honor.
Anthony Gallea Background Information
Anthony Gallea 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 5 – Interest Rate Options Examination
- Series 7 – General Securities Representative Examination
Anthony Gallea is a registered broker in 50 states and Washington D.C. He is a registered investment adviser in five states. Besides Morgan Stanley, Anthony Gallea has worked with the following firms:
- Citigroup Global Markets (CRD#:7059)
- Lehman Brothers (CRD#:7506)
Kurta Law Can Help
If you worked with Anthony Gallea and you have concerns about your investments, don’t hesitate to contact us today at 877-600-0098 or firstname.lastname@example.org for a free consultation.
For nearly 20 years, Kurta Law has advocated for investors 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.