Goodman & Nekvasil P.A, May Recover Investor Losses – Byron Echeverria Fired by Morgan Stanley
From 2011 to 2015, Byron Echeverria was licensed with Morgan Stanley. Byron Echeverria is now licensed with Slavic Investment Corporation. According to FINRA’s records, Byron Echeverria was fired from Morgan Stanley on May 1, 2015. Morgan Stanley reported to FINRA that Byron Echeverria’s firing related to allegations regarding Byron Echeverria’s handling and preparation of client documentation.
Subsequent to Byron Echeverria’s firing by Morgan Stanley, FINRA investigated Byron Echeverria and brought a disciplinary action against Byron Echeverria. Byron Echeverria consented to a 3-month suspension from the securities and investment banking industry. Byron Echeverria also consented to FINRA findings that Byron Echeverria falsified documents related to customer accounts, including disclosure forms, transfer forms and IRA distribution forms. The FINRA findings stated that Byron Echeverria re-used original customer signatures from previously executed documents, recycled customer-signed signature pages from expired forms, affixed customer initials to handwritten changes, and altered tax withholding amount to expedite transactions. According to FINRA, the customers were not aware that the forms were altered or that their signatures were affixed to the documents by Byron Echeverria and Byron Echeverria’s member firm’s written procedures prohibited the alteration of documents in any manner.
If you lost any money on investments with Byron Echeverria, you may be able to recover your losses from Morgan Stanley and/or Slavic Investment Corporation. This is because Morgan Stanley and Slavic Investment Corporation had a duty to supervise Byron Echeverria.
If you lost money on investments with Byron Echeverria and believe that the investments may have been unsuitable or otherwise improper for you, we would like to discuss the possibility of your retaining our firm to represent you in an arbitration action against Morgan Stanley and/or Slavic Investment Corporation concerning Byron Echeverria’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.
Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA, has practiced in this area of the law for more than 35 years. Goodman & Nekvasil, P.A. has recovered more than $300 million on behalf of victimized investors. If you lost money on investments with Byron Echeverria 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.
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