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Jeffrey Peyser Allegedly Recommended Investments Not in Client’s Best Interests

Jeffrey Peyser (CRD #: 4535614), a broker registered with Morgan Stanley, is involved in a pending dispute, according to his BrokerCheck record, accessed on January 26, 2023. Keep reading if you have questions about his alleged conduct as a broker.

Investor Dispute

On November 14, 2022, an investor alleged, among other things, that Jeffrey Peyser made investment recommendations that were not in the client’s best interest between 2019-2022. This dispute is currently pending.

FINRA Rule 2111 and Regulation Best Interest

FINRA Rule 2111 requires brokers to evaluate whether an investment fits their investor’s financial goals. Brokers must consult the investor’s profile, which contains information about their tax status, age, and risk tolerance.

Regulation Best Interest (Reg-BI) is an SEC regulation that requires brokerage firms to put their clients’ best interests first. For example, firms must conduct reasonable due diligence when researching investments to ensure their recommendations are suitable for the investor.

Background Information

Jeffrey Peyser has passed the following exams:

  • Series 66 – Uniform Combined State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 31 – Futures Managed Funds Examination
  • Series 7 – General Securities Representative Examination

Jeffrey Peyser is a registered broker in 21 states and a registered investment adviser in New Jersey and Texas.

He has also worked for Morgan Stanley & Company (CRD#:8209) and Merrill Lynch, Pierce, Fenner & Smith (CRD#:7691).

Kurta Law Can Help

If you worked with Jeffrey Peyser 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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