Victim of Financial Fraud? Call Now
Home » Broker Blog » Neil Okun and Options Trading Investigation

Neil Okun and Options Trading Investigation

Neil Okun (CRD #: 2482935), a broker registered with Morgan Stanley, has two investor disputes on his record.  This is according to his BrokerCheck record, accessed on August 16, 2024. Keep reading if you have questions regarding his alleged conduct, especially concerning his recommendations of options trades. 

Options Trading

Kurta Law is investigating Neil Okun’s possible recommendations of unsuitable options trades. 

FINRA Rule 2111 requires brokers to evaluate whether an investment fits their investor’s risk tolerance. Options trading strategies are often unsuitable because they are speculative and therefore likely to lose money. Depending on what type of options contract the investor buys, the investor is placing a bet that the price of a stock will either increase or decrease. 

Previous Investor Disputes

Neil Okun has two investor disputes on his record. 

  • One alleges Neil Okun recommended two unsuitable investments. 
  • Another dispute alleges he engaged in unauthorized trading, erroneous documentation, and unsuitable investment recommendations in connection with bond transactions. 

Background Information 

Neil Okun has passed the following exams: 

  • Series 63 Uniform Securities Agent State Law Examination 
  • SIE – Securities Industry Essentials Examination 
  • Series 7 General Securities Representative Examination 

He is a registered broker in 16 states and D.C. 

During his 30 years of experience, Neil Okun has registered with seven firms: 

  • Morgan Stanley (CRD #: 149777) 
  • Wells Fargo Advisors Financial Network (CRD #: 11025) 
  • Oppenheimer & Co. (CRD #: 249) 
  • CitiGroup Global Markets (CRD #: 7059) 
  • Morgan Stanley DW (CRD #: 7556) 
  • Gruntal & Co. (CRD #: 372) 
  • Lehman Brothers (CRD #: 7506)

Kurta Law Can Help 

If you worked with Neil Okun and you have concerns about your investments, do not hesitate to contact us at 877-600-0098 or email info@kurtalawfirm.com 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.

Recent Results

$16.75M

Million

Recovery for ARC NYC REIT Investors
Learn More
Kurta Law recovered millions of dollars for investors who purchased the speculative and unsuitable ARC NYC REIT. The arbitration settled for substantially more than the investor losses.

Recent Results

$9.3M

Million

Investors Receive Award for More than their Losses
Learn More
Jonathan Kurta was able to recover over $9.3 million for a group of defrauded investors. The claims were based upon the brokerage firm’s failure to supervise a stockbroker who stole client funds and then prepared and disseminated fake account statements for decades.

Recent Results

$7.1M

Million

Elderly Victims Recover After a Decade of Fraud
Learn More
Jonathan Kurta represented a group of elderly women who were the victims of a financial crime perpetrated by a rogue broker. The broker utilized forged documents to steal funds from the clients’ accounts over a decade.

Recent Results

$4.2M

Million

Investor vs. Royal Alliance
Learn More
Jonathan Kurta represented an investor who alleged that Royal Alliance Associates had not fulfilled their supervisory duties. This allegedly allowed brokers to engage in conversion and RICO violations. Read a copy of the award here.

Recent Results

$1M

Million

Utah Firm Executed Unnecessary Transaction
Learn More
A FINRA panel sided with Kurta Law and found that a Utah brokerage firm executed unnecessary transactions in order to generate more commissions. Read a copy of the award here.

Recent Results

$2M

Million

Arizona Investors Options Trading Scam
Learn More
Kurta Law negotiated a $2 million settlement on behalf of Arizona investors who were defrauded in an options trading scam.

Categories