Tracy Bird Subject of a Suitability Dispute

Tracy Bird (CRD #: 4147085), a broker registered with Morgan Stanley, is the subject of an investor dispute, according to her BrokerCheck record, accessed on September 11, 2023. Keep reading if you have questions about her alleged conduct. 

On August 18, 2023, an investor’s Power of Attorney alleged that the investment strategy implemented in a client’s account was unsuitable. This alleged activity took place from 2021 to 2023. 

FINRA Rule 2111 – Unsuitable and Risky Investments 

FINRA Rule 2111 requires brokers to consider investors’ financial goals when recommending investments. 

• Investments can be unsuitable because they are high-risk and likely to lose money.
• Securities may also be unsuitable because they are illiquid, meaning that they are intended to be held for an extended time, and investors may have to pay high fees to cash out.
• Securities can be quantitatively unsuitable, which amounts to an excessive number of trades.
• These requirements apply to the overall investment strategy as well as the investments themselves. For instance, an investment strategy might be unsuitable if the securities are overconcentrated in a particular stock or sector.

Investors who rely on their broker for recommendations may be able to recoup their losses through FINRA arbitration.

Background Information 

Tracy Bird has passed the following exams: 

• Series 65 Uniform Investment Adviser Law Examination 
• Series 66 Uniform Combined State Law Examination 
• SIE – Securities Industry Essentials Examination 
• Series 3 National Commodity Futures Examination 
• Series 31 Futures Managed Funds Examination 
• Series 7 General Securities Representative Examination 

She is a registered broker in 38 states and is a registered investment adviser in New Jersey and Texas. 

Tracy Bird has registered with Morgan Stanley & Co. Incorporated (CRD #: 8209) and Merrill Lynch, Pierce, Fenner & Smith Incorporated (CRD #: 7691) in her 23 years of experience. 

Kurta Law Can Help

If you worked with Tracy Bird 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 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.