Gregory Cousins Allegedly Over-Concentrated Client’s Account

Gregory Cousins (CRD #: 2150397), a broker registered with Morgan Stanley, allegedly executed an unsuitable investment strategy in a client’s account, according to his BrokerCheck record, accessed on July 13, 2022. Keep reading if you have questions about Gregory Cousins’ conduct as a broker.

Investor Dispute

On May 6, 2022, a client alleged that Gregory Cousins over-concentrated their managed account in equities, a strategy unsuitable given their age. This dispute is currently pending.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to tailor their investment recommendations to suit investors’ profiles. These profiles contain information such as investors’ age, risk tolerance, and investment goals.

Investment strategies must also be suitable for an investor. Over-concentration is often an unsuitable strategy for many investors because of the level of risk involved.

Investors who rely on brokers for recommendations may be able to recoup their losses by seeking out FINRA arbitration.

Background Information

Gregory Cousins 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 31 – Futures Managed Funds Examination
• Series 7 – General Securities Representative Examination

Gregory Cousins is a registered broker in 18 states and the District of Columbia. He is also a registered investment adviser in Florida and Texas.

He has also worked for the following firms:

• Morgan Stanley & Company (CRD#:8209)
• Morgan Stanley (CRD#:7556)
• Principal Financial Securities (CRD#:260)
• Chelsea Street Securities (CRD#:17548)

Kurta Law Can Help

If you worked with Gregory Cousins 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.