Broker Alert: Raymond Keith Malicki Barred by FINRA

Industry regulator FINRA has barred broker Keith Malicki from acting as a broker or associating with any broker-dealer firms. The broker refused to appear for a hearing about his departure from Morgan Stanley.

In July of 2017, Stanley called for Malicki to resign, on the heels of allegations he had accessed and made transactions in a client account at an outside financial institution. He later refused FINRA’s request to testify about this resignation.

The following August, the broker moved to Oppenheimer & Co., where for the time being, he is still employed. The same month, Oppenheimer amended the broker’s record. This disclosed the allegations of misconduct when he was with Stanley.

When FINRA requested he appear to testify about the allegations in the amendment, Maliki refused to comply. In a letter of consent, the broker agreed to the FINRA bar but did not admit or deny their findings.

Since his start in the financial industry, there are three other customer complaints as far back as 1989. He reached a settlement in two cases and the broker denied the allegations of the third complaint.

CONTACT OUR INVESTMENT FRAUD LAWYERS TODAY

At Sonn Law Group, we are committed to fighting for the rights and interests of investors nationwide. If you lost money as a result of broker misconduct, please do not hesitate to contact our legal team for free legal guidance.

Source: Financial Advisor IQ, FINRA BrokerCheck

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.