Chris Stocks Allegedly Violated FINRA Rules

Chris Stocks (CRD #: 2600346), a broker registered with Prospera Financial Services, is the subject of a FINRA investigation. This disclosure appears on his BrokerCheck record, accessed on September 10, 2024. Details concerning this dispute are provided below. 

FINRA Allegations 

On July 23, 2024, FINRA made a preliminary determination to recommend disciplinary action for Chris Stocks, alleging he had violated FINRA Rules 3270 and 2010 by failing to disclose outside business activities. He allegedly also violated FINRA Rule 3280. 

Employment Separation After Allegations 

On November 11, 2021, Morgan Stanley fired Chris Stocks following allegations regarding his alleged participation in an outside hotel investment in which firm clients had also invested. 

FINRA Rule 3270 – Outside Business and Selling Away

FINRA Rule 3270 requires brokers to inform their firm of any outside business activities or any investments sold away from the firm. The brokerage firm may prohibit the activity if the firm believes the proposed activity may compromise the broker’s duties. Firms may also require brokers to seek approval of any outside business.

FINRA Rule 3280

FINRA Rule 3280 requires brokers to provide written notice to their firm before engaging in private securities transactions.

Background Information 

Chris Stocks has passed the following exams: 

• Series 66 Uniform Combined State Law Examination
• Series 63 Uniform Securities Agent State Law Examination 
• SIE – Securities Industry Essentials Examination 
• Series 31 Futures Managed Funds Examination 
• Series 7 General Securities Representative Examination 

He is a registered broker in 20 states and D.C. He is a registered investment adviser in Arizona, New Mexico, and Texas. 

Chris Stocks has registered with the following firms: 

• Prospera Financial Services (CRD #: 10740) 
• Morgan Stanley (CRD #: 149777) 
• Morgan Stanley & Co. (CRD #: 8209) 
• Morgan Stanley DW (CRD #: 7556) 

Kurta Law Can Help 

If you worked with Chris Stocks and you have concerns about your investments, do not hesitate to contact us at 877-600-0098 or email info@kurtalawfirm.com 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 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. Do not let securities fraud go unchecked. Start your recovery process today.