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Lonnie Friedman Resigns from Morgan Stanley Over Alleged Breach of Firm Policy

Lonnie Friedman (CRD #: 2493876), a broker registered with LPL Financial, resigned from his previous firm, according to his BrokerCheck record, accessed on April 12, 2023. If you want to know more about his alleged conduct as a broker, read on.

Resignation from Morgan Stanley

On February 16, 2023, Lonnie Friedman resigned from Morgan Stanley following allegations that he used a mobile device not approved by the firm for business-related electronic communications.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.

Background Information

Lonnie Friedman 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

Lonnie Friedman is a registered broker in 23 states and the District of Columbia. He is also a registered investment adviser in Pennsylvania and Texas.

He has also worked for the following firms:

  • Morgan Stanley (CRD#:149777)
  • Citigroup Global Markets (CRD#:7059)
  • Legg Mason Wood Walker (CRD#:6555)

Kurta Law Can Help

If you worked with Lonnie Friedman 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 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. 

 

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