ROBERT KNUTSON

ROBERT KNUTSON is currently employed as a Broker and/or Investment Adviser at MORGAN STANLEY located at 345 ST. PETER STREET, 1800 LANDMARK TOWERS, ST.PAUL, MN, 55102.

ROBERT KNUTSON has worked at MORGAN STANLEY since November 08, 2013

Disclosure History

ROBERT KNUTSON has 4 Disclosure Event(s).

Date: August 27, 2007
Category: Regulatory
Initiated By: STATE OF OHIO, DEPARTMENT OF COMMERCE
Allegations: THE STATE OF OHIO ISSUED A NOTICE OF INTENT TO REVOKE OHIO LICENSE AND NOTICE OF OPPORTUNITY FOR HEARING BASED UPON FOUR MATTERS DURING THE PAST 19 YEARS PREVIOUSLY DISCLOSED ON MR. KNUTSON'S CRD.
Resolution: Consent
Sanctions: THE STATE OF OHIO, DIVISION OF SECURITIES TERMINATED AND RESCINDED ITS PRIOR NOTICE OF INTENT TO REVOKE OHIO LICENSE AFTER MR. KNUTSON AGREED TO WITHDRAW HIS OHIO SECURITIES SALESPERSON'S LICENSE AND NOT REAPPLY FOR SUCH LICENSE FOR ONE YEAR. Sanction Details: MR. KNUTSON AGREED TO WITHDRAW HIS OHIO SECURITIES SALESPERSON'S LICENSE AND NOT REAPPLY FOR SUCH LICENSE FOR ONE YEAR FROM THE DATE OF THE CONSENT AGREEMENT.

Date: May 30, 2006
Category: Customer Dispute
Allegations: CLAIMANT ALLEGES THAT FINANCIAL ADVISOR KNUTSON CHURNED CLAIMANT'S ACCOUNT, MADE UNSUITABLY AGGRESSIVE RECOMMENDATIONS, AND BREACHED HIS FIDUCIARY DUTY TO CLAIMANT.
Damage Amount Requested: $5,000,000.00
Settlement Amount: $1,072,000.00
Broker Comment: THIS CUSTOMER'S ACCOUNT MADE A NET PROFIT OF $1.8 MILLION DURING THE TIME I WAS HER BROKER. OVER A TEN-YEAR PERIOD I SPOKE WITH THE CUSTOMER FREQUENTLY AND HAD NUMEROUS MEETINGS WITH HER AT WHICH WE DISCUSSED HER ACCOUNT. NOT ONLY DID SHE NEVER COMPLAIN ABOUT MY HANDLING OF HER ACCOUNT, SHE REPEATEDLY TOLD BOTH ME AND BRANCH MANAGEMENT THAT SHE WAS VERY PLEASED WITH HOW I WAS HANDLING THE ACCOUNT. WITH THE CLIENT'S PERMISSION, THE FIRM ALSO SENT A DUPLICATE COPY OF HER MONTHLY STATEMENT TO HER ACCOUNTANT THROUGHOUT THE DURATION OF THE RELATIONSHIP. NOT ONCE DID HE EVER SUGGEST THERE WAS ANYTHING WRONG WITH MY HANDLING OF THE ACCOUNT. THE FINAL SETTLEMENT AMOUNT WAS PAID TO AVOID THE UNCERTAINTY AND EXPENSE OF LITIGATION.

Date: March 08, 2004
Category: Customer Dispute
Allegations: CLAIMANT, WHO IS IN DIVORCE PROCEEDINGS FROM FINANCIAL ADVISOR KNUTSON ALLEGES THAT HE CHURNED HER ACCOUNT, RECOMMENDED EXCESSIVE USE OF MARGIN, MADE MISREPRESENTATIONS TO HER, AND FORGED HER SIGNATURE ON CERTAIN DOCUMENTS. DAMAGES UNSPECIFIED. Damages Granted: $3,343.86
Broker Comment: I STRONGLY DENY THE CHARGES MADE BY THE CLAIMANT. THE CLAIMANT IS CURRENTLY MY WIFE AND WE ARE IN THE MIDST OF A BITTER DIVORCE. HER ALLEGATIONS ARE WITHOUT MERIT.

Date: July 29, 1988
Category: Regulatory
Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC.
Resolution: Acceptance, Waiver & Consent(AWC) SanctionDetails:
Sanctions: Censure
Broker Comment: THIS MATTER INVOLVED A LETTER OF NOTIFICATIONSENT TO SELECTED CLIENTS OF THE OFFICE WHILE MR. KNUTSON WASBRANCH MANAGER. THE LETTER WAS ABOUT AN UPCOMING DISNEY-BACKEDMOVIE PARTNERSHIP. ALL WORDING IN THE LETTER WAS CREATED BYTHE E. F. HUTTON MARKETING DEPARTMENT. THE LETTER BRIEFLYEXPLAINED THE INVESTMENT AND INSTRUCTED INTERESTED CLIENTS TOREQUEST A PROSPECTUS WHICH WOULD BE SENT AS SOON AS AVAILABLE.AFTER MR. KNUTSON LEFT E. F. HUTTON, HE WAS NO LONGER SUPPORTEDBY E. F. HUTTON REGARDING NASD OBJECTIONS TO CERTAIN WORDING INTHE LETTER.

More Information

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A disclosure includes information about customer disputes, disciplinary events and financial matters on the broker's record as reported by securities regulators, the individual broker, and any involved firms. Some of these items may involve pending actions or allegations that have not been resolved or proven. The presence of a disclosure does not automatically indicate any wrongdoing.

BrokerCheck is the source of the data included in this Report. The data was compiled on June 29, 2018.

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