![]() ![]() Please consult with your Financial Advisor to understand these differences or review our Understanding Your Brokerage and Investment Advisory Relationships brochure available at Back to topĢWhen Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. (CFP Board) owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™, and CFP® (with plaque design) in the United States, which it authorizes use of by individuals who successfully complete CFP Board’s initial and ongoing certification requirements.ġMorgan Stanley offers a wide array of brokerage and advisory services to its clients, each of which may create a different type of relationship with different obligations to you. If you or a loved one have suffered investment losses, please call us at 88 or complete our contact form for a free and confidential consultation.Certified Financial Planner Board of Standards, Inc. (Information current as of September 20, 2022.)Ĭarlson Law represents investors throughout the United States in claims against financial advisors and investment firms. He is licensed in Arizona, California, Colorado, Florida, Hawaii, Idaho, Indiana, Iowa, Maryland, Massachusetts, Michigan, Missouri, Nevada, New York, Oregon, Tennessee, Texas, Utah, Virginia, Washington, and Wisconsin. His credentials include the passage of five securities industry qualifying exams: the General Securities Representative Examination, or Series 7 the Futures Managed Funds Examination, or Series 31 the Securities Industry Essentials Examination, or SIE the Uniform Securities Agent State Law Examination, or Series 63 and the Uniform Investment Adviser Law Examination, or Series 65. His past registrations include Morgan Stanley & Company (Newport Beach, California 2007-2009) and Morgan Stanley DW (Newport Beach, California 1992-2007). Based in Newport Beach, California, he has been a broker and an investment advisor with Morgan Stanley since 2009. ![]() The complainants alleged damages of $58,735.88 in the complaint, which settled for an amount unspecified on his BrokerCheck report.Īccording to the Financial Industry Regulatory Authority, David Lehnertz holds 29 years of securities industry experience. The pending complaint alleges damages of $5,000,000.Īn earlier investor complaint, filed in 1996, alleged the unsuitable recommendation of a mutual fund investment while he was a representative of Dean Witter Reynolds. ![]() The most recent, filed in December 2021, alleges that as a representative of Morgan Stanley Smith Barney, he provided unsuitable recommendations in connection with a managed account. Lehnertz’s BrokerCheck report discloses two investor complaints. Financial Industry Regulatory Authority records show that he is a broker and an investment advisor with Morgan Stanley. Newport Beach financial advisor David Lehnertz (CRD# 2287146) recently received an investor complaint alleging his conduct resulted in millions of dollars in damages. David Lehnertz: $5 Million Complaint Against Morgan Stanley Advisor ![]()
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