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John Tofilon Subject of a Municipal Bond Dispute

John Tofilon (CRD #: 1354314), a broker registered with Morgan Stanley, is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on January 5, 2023. Investors who have concerns about his alleged conduct should keep reading. 

On October 30, 2023, an investor alleged that John Tofilon misrepresented a municipal bonds investment. The investor is seeking $340,000. 

Municipal bonds are riskier than bonds issued by the U.S. government. 

FINRA Rule 2020 – Misrepresentation

FINRA Rule 2020 prohibits the misrepresentation of investments and omission of material facts. Material facts include information about an investment’s potential returns, as well as charges, overall liquidity, expenses, and fees. 

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Violations of FINRA Rule 2020 also violate this rule. 

Background Information 

John Tofilon 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 7 General Securities Representative Examination 
  • Series 53 Municipal Securities Principal Examination 

He is a registered broker in 50 states and D.C. He is also a registered investment advisor in Illinois and Texas. 

During his 38 years of experience, he has registered with the following firms: 

  • Morgan Stanley (CRD #: 149777) 
  • Morgan Stanley & Co. (CRD #: 8209) 
  • Morgan Stanley DW (CRD #: 7556) 
  • Griffin, Kubik, Stephens & Thompson (CRD #: 8352) 

Kurta Law Can Help 

If you have worked with John Tofilon and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or 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.