THOMAS ANTHONY KREUZER is currently employed as a Broker and/or Investment Adviser at MORGAN STANLEY located at 9665 WILSHIRE BLVD., SUITE 600, BEVERLY HILLS, CA, 90212.
THOMAS ANTHONY KREUZER has worked at MORGAN STANLEY since June 01, 2009
Disclosure History
THOMAS ANTHONY KREUZER has 2 Disclosure Event(s).
Date: March 07, 2013 Category: Customer Dispute Allegations: CLAIMANT ALLEGES NEGLIGENCE, UNSUITABILITY, FRAUD AND OMISSION OF MATERIAL FACTS, BREACH OF FIDUCIARY DUTY, VIOLATION OF FINRA RULES, BREACH OF CONTRACT, AND VIOLATION OF CALIFORNIA SECURITIES LAWS IN CONNECTION WITH A MARCH 2007 INVESTMENT IN A STRUCTURED PRODUCT. Damage Amount Requested: $220,500.00 Settlement Amount: $90,000.00
Date: September 08, 2008 Category: Customer Dispute Allegations: CLIENT ALLEGES THAT INVESTMENT OF 57% OF PORTFOLIO IN STOCKS IS INAPPROPRIATE FOR ELDERLY CLIENT. CLIENT FURTHER ALLEGES THE FA FAILED TO FOLLOW THE CLIENT'S INSTRUCTIONS TO INVEST IN INSTRUMENTS THAT PROVIDED SECURITY AND INCOME, NOT UNSAFE INVESTMENTS. DAMAGES ESTIMATED TO BE IN EXCESS OF $5,000. Damage Amount Requested: $5,000.00 Broker Comment: THE FINANCIAL ADVISOR STRONGLY DENIES THE ALLEGATION. THE CLIENT, HER ATTORNEY, HER BUSINESS MANAGER, AND HER DAUGHTER WERE ALL INVOLVED IN THE FINANCIAL PLANNING AND ASSET ALLOCATION OF THE CLIENT'S PORTFOLIO. GIVEN THE CLIENT'S FINANCIAL PLAN AND SPENDING HABITS, IT WAS AGREED THAT A LONG TERM BALANCED AND DIVERSIFIED PORTFOLIO OF STOCKS AND BONDS WOULD BE APPROPRIATE ALLOCATION TO MEET THE CLIENT'S STATED FINANCIAL GOALS. THROUGHOUT THE LAST SEVEN YEARS, THERE HAVE BEEN MULTIPLE DOCUMENTED MEETINGS WITH THE CLIENT AND HER OTHER ADVISORS WHERE THIS ALLOCATION WAS REVIEWD AND IT WAS DETERMINED THAT A BALANCED PORTFOLIO CONTINUED TO BE THE MOST PRUDENT ALLOCATION. AT NO TIME DURING THESE METTINGS DID THE CLIENT EVER OBJECT TO INVESTING IN BOTH STOCKS AND BONDS. AFTER MANY YEARS POSITIVE PORTFOLIO RETURNS, THE MARKET HAS TURNED NEGATIVE AND ONLY NOW IS THE CLIENT CONVENIENTLY ASSERTING THAT SHE SHOULD NOT OWN STOCKS.
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