Goodman & Nekvasil P.A, May Recover Investor Losses | Paul LaScelle, Financial Advisor Suspended from Securities Industry
Paul LaScelle was licensed with Morgan Stanley from 2011 to 2017. FINRA reports that Paul LaScelle was discharged from Morgan Stanley under allegations regarding Paul LaScelle’s allocation of revenue generated by certain securities trades into Paul LaScelle’s own production number rather than joint production number shared with another employee.
FINRA brought a disciplinary action against Paul LaScelle in 2017. Paul LaScelle consented to a 10-day suspension and a $2,500 monetary fine. Paul LaScelle consented to the entry of findings that Paul LaScelle effected discretionary transactions in a customer’s account without obtaining prior written authorization from the customer, and without his member firm having accepted the account as discretionary.
FINRA reports that a claim was filed alleging sales practice violations against Paul LaScelle. The claim alleges excessive trading, inter alia, with respect to investments from 2013 to August 2016. The claim is currently pending.
If you lost any money on investments with Paul LaScelle, you may be able to recover your losses from Morgan Stanley. This is because Morgan Stanley had a duty to supervise Paul LaScelle.
If you lost money on investments with Paul LaScelle 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, concerning Paul LaScelle’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.
Goodman & Nekvasil, P.A. has recovered approximately $170 million on behalf of victimized investors. If you lost money on any investments with Paul LaScelle 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.