Henrique Lucena Has Entered Bankruptcy Following Dispute with Morgan Stanley

Henrique Lucena (CRD #: 5605196), a broker registered with Laidlaw & Company, is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on August 2, 2025. Keep reading if you have questions regarding his alleged conduct. 

Investor Allegations

On April 1, 2025, an investor alleged that Henrique Lucena executed unauthorized trades and recommended unsuitable investments. The investor is seeking $1,000,000. 

On November 11, 2020, an investor alleged that Henrique Lucena misrepresented an investment and executed unauthorized trades. The dispute was settled for $350,000.

Unauthorized Trading

FINRA Rule 3260 requires brokers to receive written authorization from their clients before engaging in discretionary trading. Discretionary accounts must also be approved by the firm before this trading can occur.

What is an Unsuitable Investment? 

FINRA Rule 2111, a.k.a. The Suitability Rule, requires brokers to tailor their investment recommendations to suit investors’ needs. 

Rule 2111 also requires brokers to consider 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

Investments that do not fit the criteria established by the investor profile may be unsuitable. Investors who rely on brokers for recommendations may recover their losses by pursuing FINRA arbitration.

Financial 

On July 16, 2021, Henrique Lucena filed for bankruptcy.

Regulatory Action

On March 5, 2021, FINRA alleged that Henrique Lucena failed to comply with an arbitration award. Henrique Lucena allegedly asserted he could not pay an arbitration award rendered in the matter of Morgan Stanley LLC vs. Henrique Lucena. The hearing was held on June 2, 2021, and the hearing officer determined that Lucena had failed to establish his defense. FINRA fined Henrique Lucena $1,631.88 and suspended him for six days.

Background Information

Henrique Lucena has passed the following exams:

• Series 66 Uniform Combined State Law Examination
• Securities Industry Essentials Examination
• Series 7 General Securities Representative Examination

He is a registered broker in six states and is a registered investment adviser in Florida.

Henrique Lucena has worked with the following firms:

• Laidlaw & Company (UK) (CRD #: 119037)
• Laidlaw Wealth Management (CRD #: 150040)
• Morgan Stanley (CRD #: 149777)
• UBS Financial Services (CRD #: 8174)
• ITAU Europa Securities (CRD #: 144769)

Kurta Law Can Help

If you worked with Henrique Lucena and 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 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.