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Michael Gradowski Allegedly Executed Unsuitable Investment Strategy

Michael Gradowski (CRD #: 4911675), a broker registered with Morgan Stanley, allegedly executed an unsuitable investment strategy, according to his BrokerCheck record, accessed on December 6, 2022. Read on to learn more about his alleged conduct as a broker.

Investor Dispute

On September 21, 2022, an investor alleged that Michael Gradowski implemented an unsuitable investment strategy in the client’s managed account from 2020-2022. This dispute is currently pending.

FINRA Rule 2111

FINRA Rule 2111 defines suitable investments as securities that fit an investor’s profile. Brokers must examine the investor’s profile, which contains the following investor characteristics:

  • Age
  • Financial goals
  • Risk tolerance
  • Time horizon (i.e., how long the investment will be held)
  • Investing experience
  • Tax status

Investors who rely on their broker for recommendations may be able to recover their losses through 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 are also violations of FINRA Rule 2010. 

Background Information

Michael Gradowski 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

Michael Gradowski is a registered broker in 21 states and the District of Columbia. He is also a registered investment adviser in the District of Columbia.

Kurta Law Can Help

If you worked with Michael Gradowski 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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