fbpx

Morgan Stanley Financial Advisor Anthony Gallea Disclosed Three Customer Complaints

Anthony Gallea (CRD#: 713980) is a dually registered Broker and Investment Advisor at Morgan Stanley in Hendersonville, NC.

Broker’s Background

He entered the securities industry in 1980 and previously worked for Citigroup Global Markets, Inc.; and Lehman Brothers, Inc.

Current And Past Allegations Of Conduct Leading To Investment Loss

According to publicly available records released by the Financial Industry Regulatory Authority (FINRA), in January 2022, a customer dispute that was filed against Anthony Gallea was denied. The allegation states, “CLIENT ALLEGES, INTER ALIA, MISREPRESENTATION WITH RESPECT TO OPTION TRADING STRATEGY 2020-2021 DAMAGES UNSPECIFIED.”

In addition, Anthony Gallea has been the subject of two customer complaints, including the following:

  • September 2021 — “CLIENT ALLEGES MISREPRESENTATION WITH RESPECT TO COVERED CALL OPTION STRATEGY 2020 – 2021.” Damages of $900,000 were sought. The customer dispute was denied.
  • May 2021 — “CLIENT ALLEGED THAT THE TRANSACTIONS MADE IN HER ACCOUNT WERE NOT SUITABLE. 1998-2001. ALLEGED DAMAGES UNSPECIFIED.” The customer dispute was denied.

For a copy of Anthony Gallea’s FINRA BrokerCheck, click here.

We Help Investors Recover Investment Losses

Financial advisors have a legal and regulatory obligation to recommend only suitable investments that are appropriate for their clients’ needs and objectives. Their employing brokerage firm has a legal and regulatory obligation to supervise the Financial Advisors’ sales practices and dealings with clients.  To the extent any of these duties are breached, the customer may be entitled to a recovery of his or her investment losses.

Options are derivative securities that give the investor the contractual right, but not the obligation, to buy or sell a certain underlying asset (a stock or index) at a specific price on or before a certain date. There are many types of options strategies that can be employed, and many of them involve a great degree of risk. Options strategies are typically only suitable for investors with an aggressive or speculative risk tolerance who are willing to risk the loss of principal.

The Wolper Law Firm represents investors nationwide in securities litigation and arbitration on a contingency fee basis.  Matt Wolper, the Managing Principal of the Wolper Law Firm, is a trial lawyer who has handled hundreds of securities cases during his career involving a wide range of products, strategies and securities. Prior to representing investors, he was a partner with a national law firm, where he represented some of the largest banks and brokerage firms in the world in securities matters. We can be reached at (800) 931-8452 or by email at mwolper@wolperlawfirm.com.

Attorney Matthew Wolper

Attorney Matthew WolperMatt Wolper is a trial lawyer who focuses exclusively on securities litigation and arbitration. Mr. Wolper has handled hundreds of securities matters nationwide before the Financial Industry Regulatory Authority (FINRA), American Arbitration Association (“AAA”), JAMS, and in state and federal court. Mr. Wolper has handled and tried cases involving complex financial products and strategies ranging from traditional stocks and bonds to options, margin and other securities-based lending products, closed/open-end mutual funds, structured products, hedge funds, and penny stocks. [Attorney Bio]