Marcie Daleo is the Subject of a Variable Annuity Dispute

Marcie Daleo (CRD #: 1234009), a broker registered with Morgan Stanley, is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on December 18, 2023. Keep reading if you have questions about his alleged conduct. 

On November 17, 2023, an investor alleged that Marcie Daleo recommended an unsuitable variable annuity. The investor denied the dispute, but investors should know that firms can deny disputes without any external review. Our securities attorneys can still recover losses following a denial via FINRA arbitration. 

What is a Variable Annuity? 

Variable annuities are complex investments. They are insurance products that come with an investment component. The associated fees, surrender charges, and potential tax liability can negate any supposed benefits they offer. Furthermore, the risk associated with this type of illiquid investment makes it unsuitable for many investors. 

FINRA Rule 2111 – Unsuitable Investments 

FINRA Rule 2111 defines suitable investments as securities that fit an investor’s profile. Investor profiles have information on the investor’s age, risk tolerance, tax status, investing experience, and financial goals. Investments that do not take these factors into account may be unsuitable. 

Background Information 

Marcie Daleo 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 

He is a registered broker in 40 states and D.C. He is also a registered investment adviser in New Hampshire and Texas. 

During his 39 years of experience, he has registered with five firms: 

• Morgan Stanley (CRD #: 149777) 
• RBC Capital Markets (CRD #: 31194) 
• Legg Mason Wood Walker (CRD #: 6555) 
• A.G. Edwards & Sons (CRD #: 4) 
• Prudential-Bache Securities (CRD #: 7471) 

Kurta Law Can Help 

If you have worked with Marcie Daleo 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.