Ex-Morgan Stanley rep investigated for trading abuses barred by Finra

Twenty-three year veteran Anthony Joseph Verzi decides not to testify during regulator's inquiry.
JUN 08, 2017

The Financial Industry Regulatory Authority Inc. has barred former Morgan Stanley representative Anthony Joseph Verzi from the securities industry after he refused to testify at a hearing into alleged trading abuses. Mr. Verzi, who was with Morgan Stanley in Melbourne, Fla., from 1993 until he was terminated in July 2016, refused to appear for testimony as requested by Finra in a letter dated May 2, 2017. The previous October, Finra began an investigation into Mr. Verzi's potential unsuitable trading of unit investment trusts in customer accounts. The matter was noted in a Finra Letter of Acceptance, Waiver and Consent, in which Mr. Verzi accepted and consented to the Finra ban and other conditions without admitting or denying Finra's findings.

Latest News

The power of cultivating personal connections
The power of cultivating personal connections

Relationships are key to our business but advisors are often slow to engage in specific activities designed to foster them.

A variety of succession options
A variety of succession options

Whichever path you go down, act now while you're still in control.

'I’ll never recommend bitcoin,' advisor insists
'I’ll never recommend bitcoin,' advisor insists

Pro-bitcoin professionals, however, say the cryptocurrency has ushered in change.

LPL raises target for advisors’ bonuses for first time in a decade
LPL raises target for advisors’ bonuses for first time in a decade

“LPL has evolved significantly over the last decade and still wants to scale up,” says one industry executive.

What do older Americans have to say about long-term care?
What do older Americans have to say about long-term care?

Survey findings from the Nationwide Retirement Institute offers pearls of planning wisdom from 60- to 65-year-olds, as well as insights into concerns.

SPONSORED The future of prospecting: Say goodbye to cold calls and hello to smart connections

Streamline your outreach with Aidentified's AI-driven solutions

SPONSORED A bumpy start to autumn but more positives ahead

This season’s market volatility: Positioning for rate relief, income growth and the AI rebound