Victim of Financial Fraud? Call Now

Michael Dietrich is the Subject of an Investor Dispute

Michael Dietrich (CRD #: 2711093), a broker registered with Morgan Stanley, is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on January 5, 2023. Keep reading if you have questions concerning his investment. 

On October 31, 2023, an investor alleged that Michael Dietrich recommended unsuitable investments. The dispute was denied, but investors should know that firms can deny disputes without any external review. Our securities attorneys can still recover losses following a denial.

What is an Unsuitable Investment?

FINRA Rule 2111 requires brokers to evaluate whether an investment strategy fits their investor’s financial goals. Brokers must examine the investor’s profile, which contains the following investor characteristics:

  • Age
  • Risk tolerance
  • Time horizon (i.e., how long the investor plans to hold the investment)
  • Investing experience
  • Tax status
  • Financial goals

Investors who rely on brokers for recommendations may be able to recover losses from unsuitable investment recommendations by pursuing FINRA arbitration.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Violations of FINRA Rule 2111 also violate FINRA Rule 2010. 

Background Information 

Michael Dietrich has registered with the following firms: 

  • Morgan Stanley (CRD #: 149777) 
  • Morgan Stanley & CO. (CRD #: 8209) 
  • Morgan Stanley DW (CRD #: 7556) 
  • RM Stark & Co. (CRD #: 7612) 
  • Investors Associates (CRD #: 958) 

Kurta Law Can Help 

If you have worked with Michael Dietrich and have concerns about your investments, do not hesitate to contact us 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.