Dean Crandall Allegedly Recommended Unsuitable Investments

Dean Crandall (CRD #: 1434783), a broker registered with Morgan Stanley, is the subject of an investor dispute. This disclosure appears on his BrokerCheck record, accessed on April 24, 2024. Keep reading for more information. 

Investor Allegations 

On March 1, 2024, an investor alleged that Dean Crandall recommended unsuitable investments. The investor is seeking $400,000. 

What is an Unsuitable Investment?

FINRA Rule 2111 requires brokers to evaluate whether an investment strategy fits their investor’s financial goals. Brokers must examine the investor’s profile, which contains the following investor characteristics:

• Age
• Risk tolerance
• Time horizon (i.e., how long the investor plans to hold the investment)
• Investing experience
• Tax status
• Financial goals

Investors who rely on brokers for recommendations may be able to recover losses from unsuitable investment recommendations by pursuing FINRA arbitration.

Background Information 

Dean Crandall 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 
• Series 8 General Securities Sales Supervisor (Options Module & General Module) 

He is a registered broker in 42 states and D.C. He is a registered investment adviser in Illinois and Texas. 

During his 38 years of experience, Dean Crandall has registered with the following firms: 

• Morgan Stanley (CRD #: 149777) 
• Morgan Stanley & Co. (CRD #: 8209) 
• Merrill Lynch, Pierce, Fenner & Smith (CRD #: 7691) 
• A.G. Edwards & Sons (CRD #: 4) 
• Edward D. Jones (CRD #: 250) 

Kurta Law Can Help 

If you have worked with Dean Crandall 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.