Broker Loren Morrison (also known as Loren Justin Morrison) is subject to multiple customer dispute disclosures alleging unsuitable investments, breach of contract, and negligence, among others, according to his Brokercheck Report.
Rosca Scarlato LLC attorney Alan Rosca and his colleagues are investigating the circumstances surrounding Morrison’s customer dispute disclosures. Investors who are concerned about their investments with Loren Morrison may contact Alan Rosca for a free case evaluation or to provide any helpful information by calling 888-998-0530 toll free, emailing arosca@rscounsel.law, or through the contact form found on our webpage.
Multiple Customer Dispute Disclosures on Morrison’s Brokercheck
A customer dispute disclosure was reportedly received in December of 2022 (Case #: 22-02732). The claimant alleged common law fraud, negligence, unsuitable recommendations, and breach of fiduciary duty, among others.
Another customer dispute disclosure dated August of 2022 alleged failure to know their customer, negligence, breach of contract, and unsuitable investments (Case #: 22-01875). The claim was reportedly involving common and preferred stock investments and the alleged damages reportedly amounted to $1,843,116.
Loren Morrison was reportedly subject to a customer dispute disclosure filed in June of 2022 (Case #: 22-01330). The customer alleged unsuitable recommendations, excessive trading, and unauthorized trading, among others. According to Morrison’s Brokercheck, the dispute settled in August 2023 for $2,000,000.
A customer dispute disclosure was allegedly filed in May of 2010, which alleged unauthorized and excessive trading (Case #: 10-01906). The claimant requested $68,000 and the reported settlement was $25,000.
Finally, it is important to note that, as of the date of this article, there has not been a finding of liability as to the complaints or allegations mentioned in this article, unless otherwise indicated. Any reader should also read the original sources hyperlinked in this blog for accuracy, including any Brokercheck report and/or record of any disciplinary or regulatory action. Those sources are incorporated by reference into the text of this blog and are the governing materials in case of any inconsistencies or typos in this blog. Readers should note that sometimes brokers may be able to expunge past customer complaints from their Brokercheck record, such that complaints referenced as of the date of this blog may not necessarily be reflected in future versions of the Brokercheck record. While the customer complaints mentioned in the Brokercheck report allege misconduct by Loren J. Morrison, the Brokercheck report does not appear to indicate whether he was a named party to those customer complaints, or the customers took action solely against the broker-dealer firm(s) that employed him at the time of the alleged conduct. Readers interested to learn more are encouraged to read the Brokercheck report or contact the Rosca Scarlato investor lawyers.
Concerned about investments with
Morrison Is Subject to Two Tax Liens
According to Loren Morrison’s Brokercheck Report, he was subject to two tax liens filed in the Oakland County Court, MI. The tax lien amounts are $115,773.95 and $18,722.99 respectively, and were both reportedly filed in February 2022, according to the Brokercheck Report.
Loren Morrison Has Been a Registered Broker Since 2002
According to his Brokercheck, Loren Morrison has been registered as a broker and investment adviser with Stifel, Nicolaus & Company, Incorporated, located in Southfield, Michigan, since 2021. From 2009 to 2021, Morrison reportedly served as a broker and investment adviser with LPL Financial LLC, in its Southfield, Michigan office.
Potential Compensation May Be Available for Concerned Morrison Investors
The Rosca Scarlato LLC law firm represents investors who lose money as a result of investment-related fraud or misconduct and is currently investigating circumstances surrounding currently registered broker and investment adviser Loren Morrison’s customer dispute disclosures alleging breach of contract, negligence, and unsuitable investments, among others.
Rosca Scarlato LLC law firm typically represents clients on a contingency fee basis. This means that it advances the case costs and expenses, and fees are only paid from any compensation retrieved for clients. Attorney Alan Rosca, an investment lawyer and former adjunct professor of securities regulation, has over 14 years of experience representing investors in cases alleging broker misconduct.
Investors who are concerned about their investments with Loren Morrison may contact attorney Alan Rosca for a free no-obligation consultation by calling toll-free 888-998-0530, via email at arosca@rscounsel.law, or through the contact form provided on our webpage.
