Israels & Neuman, PLC Investigates Travis Dillard, Formerly of Morgan Stanley
Have you lost money with financial advisor Travis Dillard (CRD# 1741428) of Morgan Stanley in Tucson, Arizona? We are investigating allegations of former customers related to Travis K. Dillard. His CRD report, a public record maintained by FINRA, states that he has been the subject of six customer complaints while he was affiliated with Morgan Stanley, a securities brokerage firm.
Specifically, Travis Dillard’s CRD contains the following allegations:
- One former client alleged $500,000 in damages related to common and preferred stock, and the client alleged that the annuity was unsuitable. The case settled for $87,500, and Dillard did not contribute to the settlement;
- Another former client alleged $500,000 in damages related to common and preferred stock, and the client alleged that the annuity was unsuitable. The case also settled for $87,500, and Dillard did not contribute to the settlement; and
- Another client alleged $90,000 in losses in equities, as well as oil and gas investments, and the case settled for $30,000 (Dillard again did not contribute).
In July 2017, Travis Dillard obtained an arbitration award which seeks to expunge the last of the three complaints mentioned above. In order to complete the expungement process, Dillard is required to get the arbitration award confirmed with a court of competent jurisdiction.
Travis Dillard was a registered representative of Morgan Stanley from 2004 to August 2015. He also now works with Wells Fargo, from September 2015 to the present. He has worked at branch offices in Tucson, Arizona.
Brokerage firms like Morgan Stanley have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.
Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado; Ann Arbor, Michigan; and in the Seattle area. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in Arizona, Tucson, and the Phoenix area. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including Morgan Stanley.
Click to view: Dillard, Travis BrokerCheck 8.16.17
Click to view: Dillard, Travis Arb Award 16-02368
If you lost money with Travis Dillard or Morgan Stanley, please CONTACT US at 720-599-3505 or 206-795-5798 for a free evaluation of your case.
Israels & Neuman, PLC is a private law firm and is not affiliated with any government or law enforcement agency. Any investigation referenced in this blog is independent in nature and is being conducted by our law firm privately, not in conjunction with any government or law enforcement agency. All information contained in this blog should be deemed statements of opinion derived from the author’s review of public records, not statements of fact. This blog is advertising material and does not create an attorney client relationship, nor does it constitute legal advice. Everyone’s situation is different and the question of whether or not you have a claim will vary on a case-by-case basis. In contingent representation, clients may still be liable for costs.