Ex-Morgan Stanely Advisor Barred and Fired for Failing to Disclose Gifts

Last week, FINRA barred a former Morgan Stanley Wealth Management Advisor, for alleged non-disclosure of a power of attorney appointment and a gift he accepted from one of his clients.

In a letter of waiver and consent from FINRA, Martin Kirschner (CRD # 1326676) consented to the bar but did not confirm or deny the findings. Morgan Stanely terminated Kirschner’s employment in 2017 following the allegations of non-disclosure.

In communicating with FINRA investigators, Kirschner’s attorney said the broker would not appear for testimony about his failure to disclose. FINRA requires registered brokers to provide information and cooperate with investigations. Kirschner’s refusal to testify is a violation of FINRA rules and resulted in the bar.

This is the first disclosure on Kirschner’s record in his 33 years in the financial industry. He has been registered as an investment advisor since 1985 and was with Morgan Stanley since 2009. The broker never registered with another firm following his termination from Morgan Stanley.

Get Help From Our Investment Fraud Lawyers

At Sonn Law Group, our financial advisor negligence lawyers are proud to represent investors nationwide. No matter the specific nature of your case, we are prepared to protect your rights and advocate for your interests. To learn more about your legal options, please do not hesitate to contact our law office today.

Source: Financial Advisor IQ

Disclaimer: This article contains opinions and NOT statements of fact in any way whatsoever. The information here is general information that should not be taken as legal advice. NO attorney-client relationship is established between you and our attorneys by reading this article. This article is attorney advertising and should not be used as a substitute for legal advice from a qualified lawyer.