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Jacqueline Duran Resigns from Morgan Stanley Smith Barney

Jacqueline Duran (CRD #: 5981752) resigned from her firm, according to her BrokerCheck record, accessed on August 13, 2022. Read on to learn more about her conduct as a broker.

Resignation from Morgan Stanley

On June 10, 2022, Jacqueline Duran resigned from Morgan Stanley Smith Barney following concerns about her compliance with the requirement for pre-trade client confirmation in relation to certain trades in non-discretionary accounts, as well as her use of personal texts for business communications with clients.

FINRA Rule 3260

FINRA Rule 3260 requires discretionary accounts to be approved by the client and firm before brokers can begin discretionary trading. In non-discretionary accounts, brokers must receive client approval before executing trades.

FINRA Rule 3110 

FINRA’s supervision rule requires brokers to only use approved modes of communication. This is because FINRA requires firms to review their broker’s communications with their clients to ensure they adhere to securities laws and FINRA rules, including the suitability rule. The suitability rule requires brokers to exclusively recommend securities products that fit their investor’s financial goals and risk tolerance.  

Background Information

Jacqueline Duran has passed the following exams:

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

In the past, she worked for Morgan Stanley (CRD#:149777) and Merrill Lynch, Pierce, Fenner & Smith (CRD#:7691).

Kurta Law Can Help

If you worked with Jacqueline Duran 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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