Scott Gunnip, Formerly of Morgan Stanley, Barred by FINRA for Failing to Provide Testimony to FINRA

Former broker Scott Gunnip consented to sanctions and to the entry of findings that he refused to appear for on-the-record testimony requested by FINRA in connection with its investigation of allegations that Gunnip engaged in unsuitable short-term trading of long-term securities.

The Sonn Law Group is investigating claims that former Morgan Stanley advisor Scott Gunnip engaged in unsuitable short-term trading of long-term securities. Under FINRA Rules, brokerage firms are liable for their brokers’ misconduct or negligence and investors may be able to their investment through FINRA arbitration. Contact Sonn Law Group today or call us at 866–827–3202 for a free consultation.

According to BrokerCheck, Scott Gunnip was affiliated with Morgan Stanley in Southlake, Texas from June 2009 until March 2018 when he was terminated after allegations that he, “may have executed some transactions for non-discretionary client accounts without confirming the trades beforehand.”

Gunnip has three other disclosures on his BrokerCheck report:

• August 2017: Claimants alleged excessive trading — the dispute was settled for $614,000
• February 2017: Claimant alleged that some of his investments and trading were unsuitable — the dispute was settled for $145,000
• June 2016: Claimants alleged that Gunnip recommended unsuitable investments — the dispute was settled for $150,000.

Jeffrey R. Sonn is an experienced investor losses attorney. If you suffered losses because a financial professional recommended that you invest in unsuitable products, Mr. Sonn will protect your rights and interests. Please do not hesitate to contact the Sonn Law Group today for a free review of your claim.