Last Updated: November 2024 (Tuscaloosa, Alabama)
National securities fraud lawyers at Patil Law P.C. are investigating broker Stacie Kirkland (CRD #7161803), a current financial advisor at Morgan Stanley, who faces a pending customer dispute involving allegations of unsuitable alternative investment recommendations.
Stacie Kirkland (CRD #7161803) is currently employed by Morgan Stanley in Tuscaloosa, Alabama, and faces a significant customer complaint regarding alternative investments with limited liquidity that allegedly were not in the client’s best interest. Below, we provide further details about her professional history, negative disclosures, and customer complaints, which investors should consider before working with her.
Critical Insights About Tuscaloosa, AL Stockbroker Stacie Kirkland
- Advisor Name: Stacie Kirkland
- CRD: 7161803
- Location: Tuscaloosa, AL
- Current Employer: Morgan Stanley
- Classification: Stockbroker + Financial Advisor
- Primary Location: Tuscaloosa, AL
- Can Stacie Kirkland be sued in private FINRA arbitration: Yes
- Has Ms. Kirkland been sanctioned by FINRA: No
- Recent Start Date in Industry: 2019
- Customer Dispute: Currently pending with unspecified damages
If you have suffered investment losses in an account handled by Ms. Kirkland or have a question about the performance of your account, please contact Attorney Patil online or (800) 950-6553 for a free initial consultation.
Lost Money With Stockbroker Stacie Kirkland?
A customer complaint was filed against Stacie Kirkland in October 2024. The customer alleges that purchases of alternative investments with limited liquidity were not in their best interests during the period from 2022 to 2024. While specific damages are not indicated, the claim appears significant given the nature of the investments involved.
Complaint Details:
- Filed: October 28, 2024
- Status: Pending
- Product Type: Alternative Investments
- Period of Activity: 2022-2024
- Damages: Unspecified
Allegations Of Broker Misconduct Against Stacie Kirkland
The current allegations against Stacie Kirkland raise serious concerns about investment suitability and risk disclosure:
- Unsuitable Investment Recommendations: The customer alleges that Ms. Kirkland recommended alternative investments that were not appropriate for their investment objectives and needs, particularly concerning the investments’ limited liquidity features.
- Best Interest Violations: The complaint suggests that the investment recommendations may have violated the SEC’s Regulation Best Interest, which requires broker-dealers to act in their customers’ best interest when making recommendations.
These actions may violate several regulatory requirements, including FINRA Rule 2111 on suitability and the SEC’s Regulation Best Interest. These rules require brokers to have a reasonable basis for believing that recommended investments are in their clients’ best interests, considering factors such as investment objectives, risk tolerance, and liquidity needs.
Broker Experience Summary
Stacie Kirkland’s career in the financial services industry is relatively recent, beginning in 2019:
- Morgan Stanley (2019-Present)
- Previously worked at JamisonMoneyFarmer PC as a CPA (1997-2019)
Her professional qualifications include:
- Securities Industry Essentials Examination (2019)
- General Securities Representative Examination (2019)
- Uniform Combined State Law Examination (2019)
- Notable Professional Background: Prior to entering the securities industry, Ms. Kirkland spent over 20 years as a CPA, which adds an interesting dimension to her current regulatory issues regarding investment recommendations.
Patil Law P.C. Will Help You Recover Your Investment Losses
If you have suffered investment losses in an account handled by Stacie Kirkland or have a question about the performance of your account, please contact Attorney Patil online or (800) 950-6553 for a free initial consultation.
Our cases are handled on a contingency basis. We don’t get paid unless we win for you.
