{"id":7714,"date":"2019-01-31T10:56:05","date_gmt":"2019-01-31T15:56:05","guid":{"rendered":"https:\/\/www.silverlaw.com\/blog\/?p=7714"},"modified":"2019-01-31T10:56:05","modified_gmt":"2019-01-31T15:56:05","slug":"broker-michael-morrissett-subject-of-2m-client-dispute","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/broker-michael-morrissett-subject-of-2m-client-dispute\/","title":{"rendered":"Broker Michael Morrissett Subject Of $2M Client Dispute"},"content":{"rendered":"<p>Michael Turner Morrissett (<a href=\"https:\/\/brokercheck.finra.org\/individual\/summary\/1456789\" target=\"_blank\">CRD #1456789<\/a>) is a registered broker and investment advisor who is currently employed with Wells Fargo Clearing Services, LLC (CRD #19616) of Roanoke, VA. His previous employers are First Union Brokerage Services, Inc. (CRD #8112) of Charlotte, NC and Dominion Investment Banking, Inc. (CRD #17523)\u00a0\u00a0 He has been in the industry since 1986.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone  wp-image-4588 alignleft\" src=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/Lawrence-LaBine-Under-Fire-for-Alleged-Unsuitable-Recommendations-and-More-1024x683-300x200.jpg\" alt=\"Lawrence-LaBine-Under-Fire-for-Alleged-Unsuitable-Recommendations-and-More-1024x683-300x200\" width=\"300\" height=\"200\" srcset=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/Lawrence-LaBine-Under-Fire-for-Alleged-Unsuitable-Recommendations-and-More-1024x683-300x200.jpg 300w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/Lawrence-LaBine-Under-Fire-for-Alleged-Unsuitable-Recommendations-and-More-1024x683-768x512.jpg 768w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/Lawrence-LaBine-Under-Fire-for-Alleged-Unsuitable-Recommendations-and-More-1024x683.jpg 1024w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/Lawrence-LaBine-Under-Fire-for-Alleged-Unsuitable-Recommendations-and-More-1024x683-1000x667.jpg 1000w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/Lawrence-LaBine-Under-Fire-for-Alleged-Unsuitable-Recommendations-and-More-1024x683-180x120.jpg 180w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>Morrissett is the subject of four disclosures, the most recent of which was filed on 4\/5\/2018. The claimants allege that Morrissett \u201cmisrepresented\u201d two hedge funds in 2013 and 2015, and that the information provided on the two alternative investments was \u201cmisleading.\u201d The clients have requested damages of $2,300,000. This case is currently pending.<\/p>\n<p>The next customer dispute was filed on 1\/15\/2014, with the client alleging that Morrissett <em>\u201cpursued an unsuitable investment strategy beginning in 2000 that overexposed her account to the volatility of the equities markets during the global financial crisis of 2008 and 2009.\u201d <\/em>\u00a0The case was settled for $85,000 by the firm to avoid the expense and hassle of litigation.<\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.silverlaw.com\/blog\/broker-michael-morrissett-subject-of-2m-client-dispute\/\"  title=\"Continue Reading Broker Michael Morrissett Subject Of $2M Client Dispute\" class=\"more-link\">Continue reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Michael Turner Morrissett (CRD #1456789) is a registered broker and investment advisor who is currently employed with Wells Fargo Clearing Services, LLC (CRD #19616) of Roanoke, VA. His previous employers are First Union Brokerage Services, Inc. (CRD #8112) of Charlotte, NC and Dominion Investment Banking, Inc. (CRD #17523)\u00a0\u00a0 He has been in the industry since [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[598,617,590,580,576],"tags":[1359,1518,1519,129,847],"class_list":["post-7714","post","type-post","status-publish","format-standard","hentry","category-alternate-investments","category-hedge-funds","category-misrepresentation-and-omission-of-material-facts","category-stockbroker-misconduct","category-unsuitable-investment-advice","tag-finra-arbitration-lawyer","tag-michael-morrissett","tag-michael-morrissett-wells-fargo-clearing-services","tag-misrepresentation","tag-wells-fargo-clearing-services"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Broker Michael Morrissett Subject Of $2M Client Dispute &#8212; Securities Arbitration Lawyers Blog &#8212; January 31, 2019<\/title>\n<meta name=\"description\" content=\"Michael Turner Morrissett (CRD #1456789) is a registered broker and investment advisor who is currently employed with Wells Fargo Clearing Services, LLC &#8212; January 31, 2019\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.silverlaw.com\/blog\/broker-michael-morrissett-subject-of-2m-client-dispute\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Broker Michael Morrissett Subject Of $2M Client Dispute &#8212; Securities Arbitration Lawyers Blog &#8212; January 31, 2019\" \/>\n<meta name=\"twitter:description\" content=\"Michael Turner Morrissett (CRD #1456789) is a registered broker and investment advisor who is currently employed with Wells Fargo Clearing Services, LLC &#8212; January 31, 2019\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/Lawrence-LaBine-Under-Fire-for-Alleged-Unsuitable-Recommendations-and-More-1024x683.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Silver Law Group\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Broker Michael Morrissett Subject Of $2M Client Dispute &#8212; 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