Traci Marchi Allegedly Engaged in Elder Abuse and Conversion

Traci Marchi (CRD #: 3149054), a broker registered with Morgan Stanley, is the subject of an investor dispute. This is according to her BrokerCheck record, accessed on August 16, 2024. Keep reading if you have questions regarding his alleged conduct. 

Investor Allegations 

On June 27, 2024, an investor alleged that Traci Marchi was involved in common law fraud, elder abuse, breach of fiduciary duty, unjust enrichment, conversion, and breach of contracts related to an investment in a limited liability company that owned real estate. 

The investor is seeking $370,464.35. 

Fiduciary Duties

Brokers are often dually registered as Registered Investment Advisers (RIAs) with the SEC. RIAs are fiduciaries, and fiduciaries are required to act in their clients’ best interests. Brokers are not fiduciaries but must abide by FINRA Rule 2111 and Regulation Best Interest. (To learn more about the differences between brokers and Registered Investment Advisers, click here.) 

Background Information 

Traci Marchi 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 3 National Commodity Futures Examination 
• Series 7 General Securities Representative Examination 
• Series 10 General Securities Sales Supervisor – General Module Examination 
• Series 9 General Securities Sales Supervisor – Options Module Examination 

She is a registered broker in 48 states, D.C., Puerto Rico, and the Virgin Islands. She is a registered investment adviser in Arizona, California, and Texas. 

During her 25 years of experience, Traci Marchi has registered with three firms: 

• Morgan Stanley (CRD #: 149777) 
• CitiGroup Global Markets (CRD #: 7059) 
• UBS Financial Services (CRD #: 8174) 

Kurta Law Can Help 

If you worked with Traci Marchi and you 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.