Christopher Arnella is the Subject of a FINRA Suspension
Christopher Arnella (CRD #: 4886531), a broker registered with Morgan Stanley, has been suspended by FINRA. This disclosure appears on his BrokerCheck record, accessed on October 21, 2024. Keep reading if you have questions regarding his alleged conduct.
Regulatory Action
On September 5, 2024, Christopher Arnella entered into an Acceptance, Waiver, and Consent agreement (AWC) in which he consented to the findings that he made promissory and unwarranted statements about a publicly traded company and made statements that predicted the future performance of the company’s stock.
The AWC states that Christopher Arnella publicly posted his expectations regarding the future stock price. He also allegedly stated in writing to two firm customers that there was a 100% chance the company’s loss in a patent litigation trial would be overturned.
Christopher Arnella consented to a $5,000 fine and a one-month suspension.
You can read a copy of the AWC here.
FINRA Rule 2210
FINRA Rule 2210 defines how firms and brokers are permitted to communicate with the public (e.g., in advertising). This rule requires all communications with the public to be fair and balanced and free from any false or misleading statements.
Investor Allegations
On December 18, 2020, an investor alleged that Christopher Arnella recommended unsuitable investments. The dispute settled for $2.5 million.
Background Information
Christopher Arnella 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 7 General Securities Representative Examination
- Series 10 General Securities Sales Supervisor – General Module Examination
- Series 9 General Securities Sales Supervisor – Options Module Examination
In addition to Morgan Stanley (CRD #: 149777), Christopher Arnella has also registered with CitiGroup Global Markets (CRD #: 7059).
Kurta Law Can Help
If you worked with Christopher Arnella and 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.
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