Joseph Genzardi is the Subject of a $5 Million Dispute

Joseph Genzardi (CRD #: 1739606), a broker registered with Morgan Stanley, is the subject of an investor dispute. This disclosure appears on his BrokerCheck record, accessed on September 11, 2025. Keep reading if you have questions concerning his alleged conduct. 

Investor Disputes 

On June 13, 2025, investors alleged that Joseph Genzardi recommended a preferred stock that was not in their best interest. The investor is seeking $5,000,000. 

Regulation Best Interest

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.

High Standards of Commercial Honor

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

Background Information 

Joseph Genzardi has passed the following exams: 

• Series 10 General Securities Sales Supervisor – General Module Examination 
• Series 4 Registered Options Principal Examination 
• Series 24 General Securities Representative Examination 
• SIE – Securities Industry Essentials Examination 
• Series 31 Futures Managed Funds Examination 
• Series 7 General Securities Representative Examination 
• Series 65 Uniform Investment Adviser Law Examination 
• Series 63 Uniform Securities Agent State Law Examination 

He is a registered broker in 45 states, D.C., and Puerto Rico. He is a registered investment adviser in Connecticut, New York, and Texas. 

Joseph Genzardi has registered with the following firms since 2003: 

• America First Associates Corp. (CRD #: 38245) 
• CitiGroup Global Markets (CRD #: 7059) 
• Morgan Stanley & Co. (CRD #: 8209) 
• Morgan Stanley (CRD #: 149777) 

Kurta Law Can Help

If you worked with Joseph Genzardi 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 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.