Finra bars former Morgan Stanley adviser over hearing no-show

Regulator was investigating Matthew Singer's options recommendations.
MAR 27, 2018

The Financial Industry Regulatory Authority Inc. has barred former Morgan Stanley broker Matthew Singer for failing to appear at a hearing in connection with a Finra investigation. The regulator was looking into whether Mr. Singer and others made unsuitable options recommendations to customers. On March 14, 2016, Morgan Stanley filed a Form U5 termination notice, listing the reason for Mr. Singer's termination as "concerns" regarding his conduct in a client arbitration matter. Mr. Singer, now associated with a clothing company in Miami, was with the Aventura, Fla., office of Morgan Stanley from 2013 to 2016. He began his securities career in 2006 and worked at seven firms before joining Morgan Stanley.

Latest News

april adds IRS tax data to platform as more RIAs seek a tax service edge
april adds IRS tax data to platform as more RIAs seek a tax service edge

Advisors gain a direct line to client tax transcripts as new data shows tax services increasingly separate top-performing firms from the pack.

Student debt drives parents toward 529 plans, Fidelity finds
Student debt drives parents toward 529 plans, Fidelity finds

New Fidelity data links parents' own loan burden to record 529 savings and delayed retirement planning.

Middle-class Americans are falling short on retirement, new report finds
Middle-class Americans are falling short on retirement, new report finds

Transamerica survey of 7,600 Americans reveals debt, inflation, and caregiving demands are derailing retirement security.

Advisor moves: Severn Wealth Management joins Cetera after departing Commonwealth
Advisor moves: Severn Wealth Management joins Cetera after departing Commonwealth

Annapolis-based firm moves its $160 million practice from Commonwealth to Cetera's Summit Financial Networks channel.

AssetMark's Talk Tracks AI gives advisors a script for client calls
AssetMark's Talk Tracks AI gives advisors a script for client calls

The new AI feature generates instant client portfolio talking points, slashing meeting prep time for advisors.

SPONSORED Direct indexing webinar targets tax-loss harvesting amid market swings

Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains

SPONSORED Who builds the income when the pension disappears?

Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income