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Michael Halperin Allegedly Failed to Follow Client’s Instructions

Michael Halperin (CRD #: 4448939), a broker registered with Morgan Stanley, allegedly failed to follow a client’s investment instructions, according to his BrokerCheck record, accessed on November 21, 2024. Keep reading if you want to know more about his alleged conduct as a broker.

Investor Dispute

On September 30, 2024, an investor filed a dispute alleging that Michael Halperin failed to follow instructions involving investing his IRA funds into two index fund exchange-traded funds (ETFs). He allegedly also failed to make any recommendations about investing the IRA funds. This dispute is pending.

FINRA Rule 2010

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

What are ETFs?

Exchange traded funds (ETFs) are pooled investments that invest in a bundle of underlying securities, similar to mutual funds. However, they can pose greater risk for investors, especially if they are inverse or leveraged. Inverse ETFs aim to make money on declining share prices, while leveraged ETFs use borrowed money.

Background Information

Michael Halperin has passed the following exams:

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

Michael Halperin is a registered broker in 41 states as well as the District of Columbia and Puerto Rico. He is also a registered investment adviser in Florida and Texas.

He has also worked for Merrill Lynch, Pierce, Fenner & Smith (CRD#:7691).

Kurta Law Can Help

If you worked with Michael Halperin 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 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. 

 

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