Fernando Silva Fired from Morgan Stanley
Fernando Silva (CRD #: 7326519), a broker formerly registered with Morgan Stanley, was fired from the firm, according to his BrokerCheck record, accessed on October 29, 2022. Read on if you have questions about his conduct as a broker.
Termination from Morgan Stanley
On September 8, 2022, Fernando Silva was fired from Morgan Stanley following allegations that he misappropriated client funds. There are no details provided regarding the nature of the misappropriation.
Investors should review their portfolios if they have worked with Fernando Silva and question any unexplained withdrawals or missing funds. Securities lawyers can help investors recover their misappropriated funds through FINRA arbitration. Even if the broker cannot repay the missing funds, the brokerage firm may be held liable if they failed to supervise their broker.
FINRA Rule 2150
FINRA Rule 2150 prohibits brokers from misusing or misappropriating investors’ funds.
FINRA Rule 2010
FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Violations of FINRA Rule 2150 are automatic violations of Rule 2010.
Fernando Silva has passed the following exams:
- Series 66 – Uniform Combined State Law Examination
- Series 7TO – General Securities Representative Examination
- SIE – Securities Industry Essentials Examination
He previously worked for Morgan Stanley (CRD#:149777) and Wells Fargo Clearing Services (CRD#:19616).
Kurta Law Can Help
If you worked with Fernando Silva and you have concerns about your investments, please contact us today at 877-600-0098 or firstname.lastname@example.org 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.