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Raymond Harrison Subject of $260,000 Dispute

Raymond Harrison (CRD #: 6149374), a broker registered with Morgan Stanley, is facing an investor dispute. This is according to his BrokerCheck record, accessed on August 10, 2023. Details are provided below. 

On July 11, 2023, an investor’s attorney alleged Raymond Harrison breached his fiduciary duty by permitting a client’s father to trade and withdraw funds from the client’s custodial account for the father’s own benefit. Brokers are often dually registered as Registered Investment Advisers (RIAs) with the SEC, and RIAs are fiduciaries. (To learn more about the differences between brokers and Registered Investment Advisers, click here.) 

The investor is seeking $260,000. 

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Allowing a client’s relative to withdraw money from an account may breach this rule. 

Background Information 

Raymond Harrison has passed the following exams: 

  • Series 66 Uniform Combined State Law Examination 
  • Series 63 Uniform Securities Agent State Law Examination 
  • SIE – Securities Industry Essentials Examination 
  • Series 7 General Securities Representative Examination 
  • Series 24 General Securities Principal Examination 

He is registered in all 50 states, D.C., Puerto Rico, and Virgin Islands. He is also a registered investment adviser in Georgia. 

Raymond Harrison has only ever registered with the following firms: 

  • Morgan Stanley (CRD #: 149777)
  • E*Trade Securities (CRD #: 29106) 
  • E*Trade Capital Management (CRD #: 42159) 

Kurta Law Can Help

If you worked with Raymond Harrison 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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