Paul David Babaz (Paul Babaz) – Financial Advisor/Broker Paul Babaz Voluntarily Resigned from Morgan Stanley | Goodman & Nekvasil P.A., May Recover Investor Losses
Paul David Babaz (Paul Babaz) Financial Advisor/Broker CRD #2373008
Paul Babaz is a currently licensed financial advisor/broker with Oppenheimer & Co. Inc. Paul Babaz was a previously licensed financial advisor/broker with Morgan Stanley. According to Paul Babaz’s BrokerCheck Report, Paul Babaz voluntarily resigned from Morgan Stanley in October 2019. According to Paul Babaz’s BrokerCheck Report, Paul Babaz voluntarily resigned after being accused of allegations concerning whether certain transactions were properly confirmed with the clients beforehand and regarding the use of trade adjustment forms.
According to Paul Babaz’s BrokerCheck Report, two customer disputes have been filed alleging sales practice violations against Paul Babaz.
Customer Dispute (9/2/2014): Client alleged that Paul Babaz failed to recommend a collar and/or protective put option as a risk management strategy to protect the Client’s concentrated position in UPS stock. This customer dispute settled for $14,999.
Customer Dispute (1/9/2014): Client alleged against Paul Babaz, inter alia, that Paul Babaz used an unsuitable investment strategy to establish a collateralized loan account using a single stock position without establishing a collar. This customer dispute settled for $90,000.
Goodman & Nekvasil P.A. May Recover Investor Losses
If you lost money on investments with Paul Babaz and believe 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 concerning Paul Babaz’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 $180 million on behalf of victimized investors. If you lost money on investments with Paul Babaz 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.
Some of the information in this blog post was obtained on 8/3/2020 directly from FINRA BrokerCheck, without any changes. If you believe this information was reported incorrectly, please contact our firm at 1-800-500-4442.