{"id":9749,"date":"2021-02-17T09:46:00","date_gmt":"2021-02-17T14:46:00","guid":{"rendered":"https:\/\/www.silverlaw.com\/blog\/?p=9749"},"modified":"2021-02-17T09:46:00","modified_gmt":"2021-02-17T14:46:00","slug":"sumitro-pal-subject-of-four-pending-investor-disputes-alleging-damages-totaling-1-5m","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/sumitro-pal-subject-of-four-pending-investor-disputes-alleging-damages-totaling-1-5m\/","title":{"rendered":"Sumitro Pal Subject Of Four Pending Investor Disputes Alleging Damages Totaling $1.5M"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-9750 size-full\" src=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/02\/Sumitro-Pal.jpg\" alt=\"Sumitro Pal (CRD# 4763364) is a former registered broker and investment advisor whose last  known employer was Morgan Stanley (CRD#:149777) of Bethesda, MD, where he was registered from 2009-2018. Pal has worked in the securities industry since 2004.  Currently, Pal is the subject of four pending customer disputes, filed between November 2018 and November 2020, which allege damages totaling $1,575,000. Investors\u2019 allegations range from \u201cselling away\u201d to \u201cunsuitability\u201d and \u201cmisappropriation of funds for an outside investment.\u201d\u00a0 The dates of the alleged actions range from October 2007 through September 2018.\u00a0  Two previous customer disputes were settled for a total of $3,625,000.00. The most recent dispute was filed on 5\/4\/2018, and alleged, \u201cinter alia, Misappropriation of funds for an outside investment - Oct 2017 to Feb 2018.\u201d This claim was settled for $2,500,000.00.\u00a0 The earlier claim was filed 9\/26\/2017 and had similar allegations that \u201cthe FA invested his retirement money in high risk corporate bonds including an over-concentration of bonds in the energy sector and also that the FA misrepresented the losses of his investments. 01\/01\/2013-08\/31\/2017.\u201d This claim was settled for $112,500.00.\" width=\"300\" height=\"200\" srcset=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/02\/Sumitro-Pal.jpg 300w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/02\/Sumitro-Pal-180x120.jpg 180w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>Sumitro Pal (CRD# <a href=\"https:\/\/brokercheck.finra.org\/individual\/summary\/4763364\" target=\"_blank\">4763364<\/a>) is a former registered broker and investment advisor whose last known employer was Morgan Stanley (CRD#:149777) of Bethesda, MD, where he was registered from 2009-2018. Pal has worked in the securities industry since 2004. <a href=\"https:\/\/www.silverlaw.com\/blog\/sumitro-pal-subject-of-four-pending-investor-disputes-alleging-damages-totaling-1-5m\/#more-9749\" class=\"more-link\">Continue reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sumitro Pal (CRD# 4763364) is a former registered broker and investment advisor whose last known employer was Morgan Stanley (CRD#:149777) of Bethesda, MD, where he was registered from 2009-2018. Pal has worked in the securities industry since 2004. Continue reading \u203a<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[584,580],"tags":[],"class_list":["post-9749","post","type-post","status-publish","format-standard","hentry","category-selling-away","category-stockbroker-misconduct"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Sumitro Pal Subject Of Four Disputes For Damages Totaling $1.5M<\/title>\n<meta name=\"description\" content=\"Sumitro Pal is a former registered broker and investment advisor whose last known employer was Morgan Stanley of Bethesda, MD.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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