ANDREW TODD YOCUM DISCHARGED BY MORGAN STANLEY– GOODMAN & NEKVASIL P.A, MAY RECOVER INVESTOR LOSSES

GOODMAN & NEKVASIL P.A, MAY RECOVER INVESTOR LOSSES – ANDREW TODD YOCUM DISCHARGED BY MORGAN STANLEY

From 2007 until his firing in 2015, Andrew Yocum worked for Morgan Stanley. According to FINRA’s records, Andrew Yocum was fired by Morgan Stanley on October 1, 2015. Morgan Stanley reported to FINRA that Morgan Stanley was notified of allegations that Andrew Yocum was acting on verbal discretion.  

Following Andrew Yocum’s discharge by Morgan Stanley, FINRA investigated Andrew Yocum and brought a disciplinary action against Andrew Yocum. Andrew Yocum was permanently barred from the securities and investment banking industry in May 2016. Andrew Yocum consented to findings that Andrew Yocum refused to appear for FINRA on-the-record testimony in connection with an investigation into whether Andrew Yocum effected unauthorized transactions, exercised discretion without written authorization, and recommended unsuitable concentrated purchases of energy sector securities to senior investors.

FINRA reports that twenty arbitration claims were filed alleging misrepresentation regarding unsuitable investments, while Andrew Yocum was with Morgan Stanley/Morgan Stanley Smith Barney. These claims against Andrew Yocum were all settled, with the largest being for $70,000. FINRA also reports thirteen arbitrations involving Andrew Yocum’s conduct are pending with the largest having alleged damages of $1,700,000.

If you lost any money on investments with Andrew Yocum while he was employed with Morgan Stanley/Morgan Stanley Smith Barney (Oct. 2007 – Oct. 2015), you may be able to recover your losses from Morgan Stanley/Morgan Stanley Smith Barney. This is because Morgan Stanley/Morgan Stanley Smith Barney had a duty to supervise Andrew Yocum.

We would like to discuss the possibility of your retaining our firm to represent you in an arbitration action against Morgan Stanley/Morgan Stanley Smith Barney concerning Andrew Yocum’s conduct. There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.

Our firm has a unique, unparalleled track record. Kalju Nekvasil, Esq., has not lost a securities arbitration case in more than 13 years. We would like to discuss the possibility of your retaining our firm to represent you in an arbitration action against Morgan Stanley/Morgan Stanley Smith Barney.

If you lost money on investments with Andrew Yocum and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.

 

Keywords: Andrew Yocum, Andrew Todd Yocum, Yocum, Morgan Stanley, FINRA, SEC, Securities, Securities Attorney, Attorney, Goodman and Nekvasil, Goodman, Nekvasil, 

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