Joel Freedman Resigns from Morgan Stanley Wealth Management

Joel Freedman (CRD #: 1260557) has voluntarily resigned from Morgan Stanley Wealth Management. This is according to his BrokerCheck record, accessed on April 3, 2024. There is also a million-dollar dispute on his record. Details concerning these disclosures are provided below. 

Employment Separation 

On March 14, 2024, Joel Freedman voluntarily resigned from MSWM following allegations that he exercised unauthorized discretion in a customer account and failed to escalate a customer’s complaint in a timely manner. 

Investor Allegations 

On January 24, 2024, an investor alleged that Joel Freedman executed unauthorized trades. The dispute was settled for $1,308,737.34. 

FINRA Rule 3260

FINRA Rule 3260 limits discretionary trading by brokers to pre-approved discretionary accounts. These accounts must be approved for discretionary trading by both the client and the firm. Discretionary trading that takes place in an account that has not been approved is unauthorized.

Background Information 

Joel Freedman has passed the following exams:

• Series 65 Uniform Investment Adviser Law Examination 
• Series 63 Uniform Securities Agent State Law Examination
• Series 52TO Municipal Securities Representative Examination 
• Series 99TO Operations Professional Examination  
• SIE – Securities Industry Essentials Examination 
• Series 7 General Securities Representative Examination
• Series 22 Direct Participation Programs Representative Examination 
• Series 9 General Securities Sales Supervisor – Options Module Examination 
• Series 10 General Securities Sales Supervisor – General Module Examination 
• Series 12 NYSE Branch Manager Examination 
• Series 53 Municipal Securities Principal Examination 
• Series 27 Financial Operations Principal Examination 
• Series 4 Registered Options Principal Examination 
• Series 24 General Securities Representative Examination
• Series 39 Direct Participation Programs Principal Examination 

During his 39 years of experience, Joel Freedman has registered with seven firms. These are the three most recent: 

• Morgan Stanley (CRD #: 149777) 
• CitiGroup Global Markets (CRD #: 7059) 
• Wachovia Securities (CRD #: 19616)

Kurta Law Can Help 

If you have worked with Joel Freedman and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or info@kurtalawfirm.com for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors 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. Do not let securities fraud go unchecked. Start your recovery process today.