Talal Bazzi Allegedly Violated Regulation Best Interest
Talal Bazzi (CRD #: 6800599), a broker registered with Morgan Stanley, is the subject of an investor dispute, according to his BrokerCheck record, accessed on August 8, 2023. Details of the dispute are provided below.
On July 19, 2023, an investor alleged that the investment strategy Talal Bazzi implemented in her managed accounts was not in her best interests. This alleged activity took place from 2021 to 2023.
What is Regulation Best Interest?
Regulation Best Interest expanded on the requirements of FINRA Rule 2111, which defines suitable investment recommendations. In addition to limiting their recommendations to investments that suit their investors’ needs, brokerage firms must also uphold a Duty of Care, the Conflict of Interest Obligation, and the Disclosure Obligation. These obligations and duties require brokerage firms to disclose conflicts of interest and, prior to recommending a security, research the market for investments that could offer similar benefits at a lower cost.
Background Information
Talal Bazzi has passed the following exams:
- Series 66 Uniform Combined State Law Examination
- SIE – Securities Industry Essentials Examination
- Series 7 General Securities Representative Examination
He is a registered broker in 39 states and is a registered investment adviser in Connecticut, New York, and Texas.
Talal Bazzi has only ever registered with Morgan Stanley.
Kurta Law Can Help
If you worked with Talal Bazzi 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.