Nikolai Taylor Allegedly Recommended Unsuitable Investments

Nikolai Taylor (CRD #: 2510427), a broker registered with Morgan Stanley, is the subject of an investor dispute. This disclosure appears on his BrokerCheck record, accessed on April 16, 2024. Details concerning this dispute are provided below. 

Investor Dispute

On December 13, 2023, the heirs of a client alleged that Nikolai Taylor recommended unsuitable investments and financial transactions. They further alleged misrepresentation and an improper loan from the client to the registered representative. The investor sought $450,000, but the dispute was denied by the firm. However, firms can deny disputes without any external review. Investors can still recover their losses following a dispute. 

FINRA Rule 3240

FINRA Rule 3240 describes the limited circumstances under which brokers may borrow from or lend to clients, such as loans between immediate family members. 

FINRA Rule 2111 – Unsuitable Investments 

FINRA Rule 2111 defines suitable investments as securities that fit an investor’s profile. Investor profiles have information on the investor’s age, risk tolerance, tax status, investing experience, and financial goals. Investments that do not take these factors into account may be unsuitable. 

Misrepresentation 

FINRA Rule 2020 forbids the use of deceptive, manipulative, and otherwise fraudulent methods to influence the purchase and sale of securities. The misrepresentation or omission of material facts violates this rule.

Background Information 

Nikolai Taylor 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 

He is a registered broker in 12 states and is a registered investment adviser in New Jersey, New York, and Texas. 

During his 29 years of experience, Nikolai Taylor has registered with four firms: 

• Morgan Stanley (CRD #: 149777) 
• Merrill Lynch, Pierce, Fenner & Smith (CRD #: 7691) 
• Wells Fargo Advisors (CRD #: 19616) 
• UBS Financial Services (CRD #: 8174) 

Kurta Law Can Help 

If you have worked with Nikolai Taylor and 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.