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Edward Carchia is the Subject of a Suitability Dispute

Edward Carchia (CRD #: 1328905), a broker previously registered with Morgan Stanley, is the subject of an investor dispute, according to his BrokerCheck record, accessed on December 6, 2023. Keep reading if you have questions about his alleged conduct. 

On September 19, 2023, an investor alleged that Edward Carchia recommended unsuitable investments.

Can You Identify Unsuitable Investments?

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
  • Liquidity needs
  • 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.

Previous Investor Disputes 

Two other investor disputes on Edward Carchia’s record collectively settled for $50,000. 

Background Information 

Edward Carchia has passed the following exams: 

  • Series 63 Uniform Securities Agent State Law Examination 
  • SIE – Securities Industry Essentials Examination 
  • Series 3 National Commodity Futures Examination 
  • Series 7 General Securities Representative Examination 
  • Series 22 Direct Participation Programs Representative Examination 
  • Series 6 Investment Company Products / Variable Contracts Representative Examination 

He has registered with the following firms: 

  • Morgan Stanley (CRD #: 149777) 
  • Morgan Stanley & Co. (CRD #: 8209) 
  • Morgan Stanley DW (CRD #: 7556) 
  • John Hancock Distributors (CRD #: 468) 

Kurta Law Can Help 

If you have worked with Edward Carchia and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or 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.