Josh Washington Allegedly Did Not Follow Instructions

Josh Washington (CRD #: 6609813), a broker registered with Morgan Stanley, is the subject of an investor dispute. This disclosure appears on his BrokerCheck record, accessed on March 12, 2024. Details concerning this dispute are provided below. 

Investor Dispute

On February 12, 2024, an investor alleged that Josh Washington did not authorize the use of margin to fund a wire transfer and that his instructions to liquidate securities to fund the transfer were not followed. The investor is seeking $115,070. 

What is Margin Investing? 

Investing on margin is when an investor opens a margin account and borrows money from a brokerage firm in order to purchase more securities. Using borrowed money is called “leverage” and it increases the risk that the investor will lose money. Margin accounts may come with interest charges, significant broker fees, and the risk of a margin call. 

Utilizing margin is often unsuitable and investors should be aware of the risks.

High Standards of Commercial Honor 

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Failing to follow instructions may violate this rule. 

Background Information 

Josh Washington has passed the following exams: 

• Series 63 Uniform Securities Agent State Law Examination 
• Series 3 National Commodity Futures Examination 
• SIE – Securities Industry Essentials Examination 
• Series 7 General Securities Representative Examination 

He is a registered broker in 50 states, D.C., Puerto Rico, and the Virgin Islands. 

Josh Washington has registered with two firms: Morgan Stanley (CRD #: 149777) and E*Trade Securities (CRD #: 29106). 

Kurta Law Can Help 

If you have worked with Josh Washington and you 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.