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Marci Coots is Facing Unauthorized Transaction Allegations

Marci Coots (CRD #: 5584723), a broker registered with Morgan Stanley, is the subject of an investor dispute. This is according to her BrokerCheck record, accessed on February 21, 2024. Keep reading if you have questions regarding her conduct. 

Six-Figure Investor Dispute

On December 7, 2023, an investor alleged that Marci Coots executed unauthorized securities transactions in their accounts at the end of 2022. The investor is seeking $300,000. 

What is Unauthorized Trading? 

Unauthorized trading violates FINRA Rule 3260, which limits brokers to exercising their trading discretion in pre-approved discretionary accounts.

High Standards of Commercial Honor 

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Unauthorized trading violates this rule. 

Background Information 

Marci Coots has passed the following exams:

  • Series 66 Uniform Combined State Law Examination
  • SIE – Securities Industry Essentials Examination 
  • Series 7 General Securities Representative Examination 

She is a registered broker in 41 states and is a registered investment adviser in Kentucky and Texas. 

During her 14 years of experience, Marci Coots has registered with seven firms: 

  • Morgan Stanley (CRD #: 149777) 
  • IFP Securities (CRD #: 297287) 
  • Independent Financial Partners (CRD #: 125112) 
  • LPL Financial (CRD #: 6413) 
  • Merrill Lynch, Pierce, Fenner & Smith (CRD #: 7691) 
  • Wells Fargo Advisors (CRD #: 19616) 
  • UBS Financial Services (CRD #: 8174) 

Kurta Law Can Help 

If you have worked with Marci Coots and 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.

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