Broker Investigation: Justin Travis Mair

Justin Travis Mair (CRD#: 5143515) is a previously registered broker and financial advisor. From 2012 to 2016, Mr. Mair was employed at Morgan Stanley based in Glens Falls, New York. This broker has also been associated with several other FINRA member firms, including Wells Fargo Advisors, Wells Fargo Investments, E*Trade Securities, and Fidelity Brokerage Services.

On June 13th, 2018, the Financial Industry Regulatory Authority (FINRA) barred Justin Travis Mair from the securities industry. According to allegations, Mr. Mair converted one of his customer’s funds for his own personal use. Here, our securities fraud attorneys review the FINRA complaint against Justin Travis Mair.

Allegations of Misconduct: Former Morgan Stanley Broker Justin Travis Mair

In September of 2016, Justin Travis Mair was terminated from his position at Morgan Stanley after allegations arose that he made unauthorized transactions from the investment account of one of his customers. More specifically, his member firm determined that he took money from his client in order to pay off his electric bill. In response to the allegations, Mr. Mair claimed that this was a mistake.

Following his separation from Morgan Stanley, FINRA launched its own investigation into this alleged misconduct. Investigators believe that Mr. Mair converted his customer’s funds. Under industry parlance, ‘conversion of fund’ requires intentional action on the part of the accused. Without admitting or denying wrongdoing, Mr. Mair consented to an indefinite bar from the securities industry.

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