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Ariel Santana Involved in an Investor Dispute

Ariel Santana (CRD #: 6469282), a broker registered with Morgan Stanley, is facing an investor dispute. This is according to a disclosure that appears on her BrokerCheck record, accessed on August 10, 2023. Keep reading for more information. 

On July 6, 2023, an investor alleged that another co-trustee never authorized the liquidation of a trust account during a conversation with Ariel Santana’s assistant. The investor is seeking $104,919 in this pending dispute. 

FINRA Rule 3260

FINRA Rule 3260 limits brokers’ trading discretion to pre-approved discretionary accounts. These accounts must be approved for discretionary trading by both the client and the firm. Discretionay trading that takes place in an account that has not been approved is unauthorized. 

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Violations of FINRA Rule 3260 are automatic violations of FINRA Rule 2010. 

Background Information 

Ariel Santana has passed the following exams: 

  • Series 66 Uniform Combined State Law Examination 
  • SIE – Securities Industry Essentials Examination 
  • Series 7 General Securities Representative Examination 

She is a registered broker in all 50 states in addition to D.C., Puerto Rico, and the Virgin Islands. She is a registered investment adviser in California and Texas. 

Ariel Santana has only ever registered with Morgan Stanley (CRD #: 149777). 

Kurta Law Can Help

If you worked with Ariel Santana and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com 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.

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