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Steven Wurzer Allegedly Failed to Follow Investor’s Instructions

Steven Wurzer (CRD #: 2429427), a broker registered with Morgan Stanley, allegedly failed to follow a client’s instructions, according to his BrokerCheck record, accessed on February 7, 2023. Keep reading to learn more about his alleged conduct as a broker.

Investor Dispute

On October 5, 2022, an investor alleged that Steven Wurzer failed to follow the client’s instructions to invest in a risk-free fund in 2021. This dispute is currently pending. Brokers are required to know how much risk their investors can tolerate according to the Regulation Best Interest “Duty of Care” requirement. 

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Failure to follow instructions may violate FINRA Rule 2010. 

Background Information

Steven Wurzer 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

Steven Wurzer is a registered broker in 29 states and a registered investment adviser in North Dakota and Texas.

He has also worked for the following firms:

  • Morgan Stanley & Company (CRD#:8209)
  • Morgan Stanley (CRD#:7556)
  • RBC Dain Rauscher (CRD#:31194)
  • Dain Rauscher (CRD#:7600)

Kurta Law Can Help

If you worked with Steven Wurzer 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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