Cornelius Peterson, formerly with Morgan Stanley, Barred by SEC

Have you lost money with financial advisor Cornelius Peterson of Boston, Massachusetts?  We are investigating allegations made by the Securities and Exchange Commission (SEC).  The SEC alleged that Peterson pleaded guilty to one count of investment adviser fraud before the United States District Court for the District of Massachusetts.  Peterson was alleged to have misappropriated or stolen retirement funds from two customers of his former brokerage firm, Morgan Stanley.

Cornelius Peterson was a financial advisor and registered representative of Morgan Stanley from August 2011 to July 2017.  He worked at a branch office in Boston, Massachusetts.  Peterson was also previously suspended by FINRA for failing to respond to an investigation.

Brokerage firms like Morgan Stanley have a responsibility to adequately supervise all representatives who are registered through their firm.  Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies.  When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.

Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado and Seattle, Washington.  We represent investors in FINRA arbitration proceedings in all 50 states, including investors in Massachusetts. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including Morgan Stanley.

Click to view:  Peterson, Cornelius SEC Order

Click to view:  Peterson, Cornelius BrokerCheck 7.18.18

If you lost money with Cornelius Peterson or Morgan Stanley, please CONTACT US at 720-599-3505 for a free evaluation of your case.

Israels & Neuman, PLC is a private law firm and is not affiliated with any government or law enforcement agency.  Any investigation referenced in this blog is independent in nature and is being conducted by our law firm privately, not in conjunction with any government or law enforcement agency.  All information contained in this blog should be deemed statements of opinion derived from the author’s review of public records, not statements of fact.  This blog is advertising material and does not create an attorney client relationship, nor does it constitute legal advice.  Everyone’s situation is different and the question of whether or not you have a claim will vary on a case-by-case basis.  In contingent representation, clients may still be liable for costs.