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FINRA Bars Broker Scott Donato

Scott J. Donato (CRD#: 2336331) is a former registered broker and investment advisor who was last employed with Morgan Stanley (CRD#:149777) of Miami, FL, until 2017. He previously worked for two different Morgan Stanley companies, (CRD#: 8209 and 7556) since 1993. No current employment information is available. Scott Donato is the subject of 10 disclosures dating back to 2001. The most recent, on 12/11/2018, is a FINRA regulatory action in which he failed to respond to a request for information from FINRA. He was notified by letter of his suspension on 3/14/2019, and failed to request a termination of his suspension by the three month deadline. FINRA barred Donato indefinitely in all capacities effective 3/14/2019.Scott J. Donato (CRD#: 2336331) is a former registered broker and investment advisor who was last employed with Morgan Stanley (CRD#:149777) of Miami, FL, until 2017. He previously worked for two different Morgan Stanley companies, (CRD#: 8209 and 7556) since 1993. No current employment information is available.

Scott Donato is the subject of 10 disclosures dating back to 2001. The most recent, on 12/11/2018, is a FINRA regulatory action in which he failed to respond to a request for information from FINRA. He was notified by letter of his suspension on 3/14/2019, and failed to request a termination of his suspension by the three month deadline. FINRA barred Donato indefinitely in all capacities effective 3/14/2019.

Previous disclosures include customer disputes. The latest was filed on 11/8/20107, alleging unsuitable investments and other things (“inter alia”) between 2010 and 2017. This client requested damages of $2,000,000, and the case was settled for $150,000.

The next dispute was filed on 3/16/2017, with a similarly worded complaint for investments between 2010 and 2013. In this case, the client requested damages of $5,000,000, and the case was settled for $995,000.00. No additional information is available in either dispute.

A customer dispute filed on 6/3/2014, also similarly worded, with the unsuitable investments made between October 2012 through January 2013. The client’s requested damages were $250,000, and the case settled for $350,000 by Morgan Stanley to avoid the expense and uncertainty of litigation.

Three previous disputes were denied.

Did You Invest With Scott Donato?

Silver Law Group represents investors in securities and investment fraud cases. Our lawyers are admitted to practice in New York and Florida and represent investors nationwide to help recover investment losses due to stockbroker misconduct. If you have any questions about how your account has been handled, call to speak with an experienced securities attorney. Most cases are handled on a contingent fee basis, meaning that you won’t owe us until we recover your money for you. Contact us today and let us know how we can help.

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