Morgan A. Feliz (CRD #5304184) Has Financial and Judgment/Lien Disclosures on FINRA BrokerCheck

Morgan A. Feliz (CRD #5304184) is a broker with financial and judgment/lien disclosures on FINRA BrokerCheck. We reviewed his BrokerCheck report on April 10, 2026. It reflects two financial disclosures and one judgment/lien disclosure. If you invested with Morgan A. Feliz and have concerns, keep reading.

BrokerCheck link: BrokerCheck

BrokerCheck report: BrokerCheck Report (PDF)

Financial Disclosures

Morgan A. Feliz’s FINRA BrokerCheck Report reflects two financial disclosures. Summaries of those disclosures are below:

On February 21, 2024, Morgan A. Feliz’s FINRA BrokerCheck report disclosed a pending compromise with a creditor. BrokerCheck lists Morgan Stanley Smith Barney LLC as the creditor. It says the original amount owed was $152,141.14. The reported settlement amount is $48,000, payable through December 2026.

On February 7, 2026, Morgan A. Feliz’s FINRA BrokerCheck report disclosed a pending Chapter 7 bankruptcy. BrokerCheck lists the U.S. Bankruptcy Court for the District of New Jersey in Newark, New Jersey. The case number is 26-11398-SLM.

Judgment / Lien Disclosures

Morgan A. Feliz’s FINRA BrokerCheck Report also reflects one judgment/lien disclosure. A summary of that disclosure is below:

On January 22, 2026, Morgan A. Feliz’s FINRA BrokerCheck report disclosed an outstanding civil judgment/lien for $163,208.28. BrokerCheck lists Morgan Stanley as the holder. It identifies FINRA Dispute Resolution Services in New York, New York as the forum, with docket number 25-00105.

Rule Summary #1: FINRA Rule 2010 (Standards of Commercial Honor and Principles of Trade)

FINRA Rule 2010 requires member firms to observe high standards of commercial honor and just and equitable principles of trade. Financial disclosures and outstanding judgments can raise concerns about conduct, disclosure, and overall compliance culture.

Rule Summary #2: FINRA Rule 3110 (Supervision)

FINRA Rule 3110 requires firms to maintain a supervisory system that is reasonably designed to achieve compliance with securities laws and FINRA rules. When a broker has reportable financial events, strong supervision matters because firms must monitor disclosures, risk, and compliance controls.

Why This Matters to Investors (Regulation Best Interest)

Regulation Best Interest (Reg BI) is a U.S. securities regulation. It strengthens the standard of conduct that broker-dealers owe to retail investors. It applies when they recommend securities transactions or investment strategies. The U.S. Securities and Exchange Commission adopted Reg BI. It became effective on June 30, 2020. Reg BI aims to protect investors while preserving access to brokerage products and services.

Reg BI requires broker-dealers and financial advisors to act in a retail customer’s best interest at the time of a recommendation. They must not place their own financial or other interests ahead of the customer’s. This standard is higher than the older “suitability” rule. Suitability meant a recommendation only had to be appropriate. It did not have to be the best option or free of conflicts.

Reg BI has four key obligations:

Disclosure Obligation – Broker-dealers must disclose material facts about the relationship and the recommendation. This includes fees, the scope of services, and conflicts of interest.

Care Obligation – Broker-dealers must use reasonable diligence, care, and skill. They must consider costs, risks, and alternatives when making a recommendation.

Conflict of Interest Obligation – Firms must identify conflicts of interest. They must disclose them and mitigate or eliminate them. This includes conflicts that create incentives to favor one product over another.

Compliance Obligation – Firms must maintain policies and procedures. Those policies should be designed to ensure compliance with Reg BI as a whole.

Reg BI applies to each recommendation. It is not a continuous duty like the fiduciary standard for registered investment advisers. Even so, it narrows the gap. It puts more focus on costs, conflicts, and investor-focused decision-making.

Overall, Regulation Best Interest promotes transparency. It also aims to improve the quality of investment recommendations. It is designed to reinforce trust between retail investors and broker-dealers in the U.S. securities markets.

Background Information (from BrokerCheck)

Based on his FINRA BrokerCheck report, Morgan A. Feliz:

Is currently registered with Equitable Advisors, LLC.

Has passed the Securities Industry Essentials (SIE) exam. Morgan A. Feliz has also passed Series 7, Series 66, and Series 63.

Was previously registered with firms that include Morgan Stanley, J.P. Morgan Securities LLC, Chase Investment Services Corp., and Oppenheimer & Co. Inc.

Kurta Law Can Help

If you have worked with Morgan A. Feliz and you have concerns about his activity, Kurta Law may be able to help you evaluate your legal options. To speak with Kurta Law, call 877-600-0098 or email info@kurtalawfirm.com.

Helpful resources: Securities Attorney | Securities Fraud

For nearly 20 years, Kurta Law has advocated for investors and helped hold financial professionals accountable. Our firm represents clients nationwide in securities arbitration and related disputes. If you believe a broker or firm mishandled your account, an attorney can review the facts and explain possible next steps.