Investor Alleges Richard Dotolo Did Not Follow Instructions

Richard Dotolo (CRD #: 1741752), a broker registered with Morgan Stanley, was the subject of a recent investor dispute, according to his BrokerCheck record, accessed on August 7, 2022.  If you want to know more about his conduct as a broker, keep reading.

Investor Dispute

On May 23, 2022, an investor alleged that Richard Dotolo failed to follow their instructions to not sell any shares of Google in 2020. This dispute was denied by the firm.

Investors should know, however, that firms can deny disputes without an external review. Investors can still seek out FINRA arbitration following a denial and may be able to recoup their losses.

FINRA Rule 2010

Failure to follow instructions violates FINRA Rule 2010, which holds brokers to high standards of professional honor and just and equitable principles of trade.

Background Information

Richard Dotolo 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 31 – Futures Managed Funds Examination
• Series 7 – General Securities Representative Examination
• Series 9 – General Securities Sales Supervisor – Options Module Examination 

Richard Dotolo is a registered broker in 18 states and a registered investment adviser in California and Connecticut.

He has also worked for the following firms:

• Morgan Stanley & Company (CRD#:8209)
• Morgan Stanley DW (CRD#:7556)
• Legg Mason Wood Walker (CRD#:6555)
• Lehman Brothers (CRD#:7506)

Kurta Law Can Help

If you worked with Richard Dotolo 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.