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Investor Alleges Donna Mackay Engaged in Misconduct

Donna Mackay (CRD #: 2440146), a broker registered with Morgan Stanley, is the subject of a pending dispute, according to her BrokerCheck record, accessed on June 20, 2023. If you want to know more about her alleged conduct as a broker, read on.

Investor Dispute

On April 28, 2023, an investor alleged that Donna Mackay engaged in misconduct with regard to a transfer on death (TOD) designation added to the client’s account. This dispute is currently pending.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Violations of many other rules may also qualify as violations of FINRA Rule 2010.

Background Information

Donna Mackay 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 86 – Research Analyst Exam – Part I Analysis Module
  • Series 87 – Research Analyst Exam – Part II Regulations Module
  • Series 55 – Limited Representative-Equity Trader Exam
  • Series 7 – General Securities Representative Examination

Donna Mackay is a registered broker in 25 states and the District of Columbia. She is also a registered investment adviser in Florida and Texas.

She has also worked for the following firms:

  • Merrill Lynch, Pierce, Fenner & Smith (CRD#:7691)
  • David Lerner Associates (CRD#:5397)
  • Bernard L. Madoff Investment Securities (CRD#:2625)
  • Bear, Stearns & Company (CRD#:79)

Kurta Law Can Help

If you worked with Donna Mackay 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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