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John Rochester Involved in a Dispute Involving Unauthorized Trades

Feb 16, 2022 Unauthorized Trading

John Rochester (CRD #: 2128760), a broker and investment advisor registered with  Morgan Stanley, is involved in an investor dispute according to his BrokerCheck record, accessed on February 2, 2022. Keep reading for more details if you are concerned about John Rochester's conduct as a broker.

Investor Allegations

According to the allegations filed on October 13, 2021, John Rochester made unauthorized trades with respect to managed accounts. The investor is seeking $600,000 一the case is still pending.

Unauthorized trading or unauthorized transactions occur when a broker executes securities transactions without authorization from their client. Unless an account has been approved for discretionary trading, a broker must always have authorization from an investor before executing any trades. 

FINRA Rules 2510 and 2010

  1. FINRA Rule 2510 requires that in non-discretionary accounts, investors must always seek their customer's authorization before executing a trade. 
  2. Making unauthorized trades in a customer's account is a breach of the duty to observe high standards of commercial honor and just and equitable principles, in violation of FINRA Rule 2010.

Background Information

John Rochester has passed the following exams:

  • Series 65 - Uniform Investment Adviser 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
  • Series 8 - General Securities Sales Supervisor Examination (Options Module & General Module)

John Rochester is a registered broker in 21 states. He is also a registered investment advisor in three states: New Mexico, Oklahoma, and Texas. 

Besides Morgan Stanley, John Rochester has also worked with Merrill Lynch, Pierce, Fenner & Smith Incorporated (CRD#:7691).

Kurta Law Can Help

If you have worked with John Rochester and have concerns about your investments, don't hesitate to contact us today 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 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.