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Max Elson is Embroiled in a Six-Figure Investor Dispute

Max Elson (CRD #: 4430278), a broker registered with Morgan Stanley, is the subject of an investor dispute. This disclosure appears on his BrokerCheck record, accessed on November 28, 2023. Keep reading if you have questions regarding his alleged conduct. 

On September 28, 2023, an investor alleged that Max Elson did not invest his account according to his best interests. The alleged misconduct took place from 2021 through 2023. 

The investor is seeking $635,999. 

What is Regulation Best Interest? 

Regulation Best Interest expands on the requirements of FINRA Rule 2111, which defines suitable investment recommendations. In addition to limiting their recommendations to investments that suit their investors’ needs, brokerage firms must also uphold a Duty of Care, the Conflict of Interest Obligation, and the Disclosure Obligation. These obligations and duties require brokerage firms to disclose conflicts of interest. Firms must also research the market for investments that could offer similar benefits at a lower cost prior to making a recommendation.

Background Information 

Max Elson has passed the following exams: 

  • Series 66 Uniform Combined State Law Examination 
  • SIE – Securities Industry Essentials Examination 
  • Series 31 Futures Managed Funds 
  • Series 7 General Securities Representative Examination 
  • Series 9 General Securities Sales Supervisor – Options Module Examination 
  • Series 10 General Securities Sales Supervisor – General Module Examination 

He is a registered broker in 23 states and is a registered investment adviser in Florida and Texas. 

During his 22 years of experience, Max Elson has registered with four firms: 

  • Morgan Stanley (CRD #: 149777) 
  • Morgan Stanley & Co. Incorporated (CRD #: 8209) 
  • Morgan Stanley (CRD #: 7556) 
  • Robert W. Baird & Co. Incorporated 

Kurta Law Can Help 

If you have worked with Max Elson and have concerns about your investments, don’t hesitate to contact us today at 877-600-0098 or 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.