Charles Leisure Fired from Morgan Stanley & Company
Charles Leisure (CRD #: 5810247), a broker formerly registered with Morgan Stanley & Company, was fired from the firm, according to his BrokerCheck record, accessed on January 17, 2023. If you want to know more about his alleged conduct as a broker, read on.
Termination from Morgan Stanley & Company
On November 21, 2022, Charles Leisure was fired from Morgan Stanley & Company following allegations concerning his communications about block trade transactions and client activity.
What is a Block Trade?
A block trade involves a particularly large number of securities transactions. These types of trades are negotiated privately. Because of their potential to have an outsized effect on stock prices, block trades are typically broken up into smaller transactions. Block trades may be the subject of insider trading since they are negotiated privately.
FINRA Rule 2010
FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.
Investigation by New York State
On August 27, 2021, the US Attorney’s Office for the Southern District of New York launched an investigation into certain block trades and Charles Leisure’s communications about these trades.
Charles Leisure has passed the following exams:
- Series 63 – Uniform Securities Agent State Law Examination
- SIE – Securities Industry Essentials Examination
- Series 79 – Investment Banking Registered Representative Examination
He previously worked for Morgan Stanley & Company (CRD#:8209).
Kurta Law Can Help
If you worked with Charles Leisure and you have concerns about your investments, please contact us today at 877-600-0098 or email@example.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.