Los Angeles, CA – November 22, 2025 – Chetan Patil of Patil Law, P.C., a securities fraud attorney, is investigating Matthew Iacono (CRD# 5759124), a financial advisor with Morgan Stanley. According to FINRA records, Iacono faces a pending customer complaint alleging violations of Regulation Best Interest and misrepresentation with respect to an investment strategy during his tenure at Morgan Stanley from March 2023 to April 2024.
A FINRA arbitration claim was filed in October 2025 (Case No. 25-02375) alleging that Iacono violated Regulation Best Interest and made misrepresentations regarding an investment strategy. The complaint alleges the conduct occurred between March 2023 and April 2024 while Iacono was employed by Morgan Stanley. The product type involved is listed as a “Non-Broker-Dealer Affiliate Product.” While the alleged damages are listed as unspecified, the complaint received by Morgan Stanley in November 2025 remains pending.
Regulation Best Interest (Reg BI), adopted by the Securities and Exchange Commission in 2019, requires broker-dealers and their associated persons to act in the best interest of retail customers when making investment recommendations. The regulation establishes four main obligations: a disclosure obligation, a care obligation, a conflict of interest obligation, and a compliance obligation. Under Reg BI’s care obligation, financial advisors must exercise reasonable diligence, care, and skill when making recommendations and have a reasonable basis to believe that the recommendation is in the best interest of a particular retail customer based on that customer’s investment profile.
According to FINRA records, Matthew Iacono has 10 years of experience in the securities industry. Currently based in San Francisco, California and Incline Village, Nevada, he has been registered with Morgan Stanley since March 2023, where he serves as a Financial Advisor. He was previously registered with UBS Financial Services in Incline Village, Nevada from May 2015 to March 2023, where he worked as a Wealth Planning Analyst. Iacono holds the Certified Financial Planner (CFP) professional designation and has passed the Securities Industry Essentials Examination (SIE), the General Securities Representative Examination (Series 7), and the Uniform Combined State Law Examination (Series 66). He is licensed in 31 states and territories.
Patil Law, P.C. is currently investigating claims on behalf of investors who suffered losses related to alleged misrepresentation or unsuitable investment recommendations by Matthew Iacono. Our firm has over 15 years of experience representing investors in FINRA arbitration and securities litigation, with more than $25 million recovered for clients across 1,000+ cases.
We provide a free, confidential consultation to review your potential claim. Our firm works on a contingency fee basis, meaning you pay no attorney fees unless we successfully recover money for you. We represent individual investors and families nationwide.
If you invested with Matthew Iacono at Morgan Stanley and suffered losses related to alleged misrepresentation or violations of Regulation Best Interest, you may be entitled to compensation. However, time is limited—FINRA arbitration claims generally must be filed within six years of the incident.
Contact Patil Law, P.C. today at 800-950-6553 or email info@patillaw.com for a free case evaluation. Don’t let time run out on your right to recover your losses.
The information in this post is based on FINRA BrokerCheck records and public filings. Allegations described are pending and unproven and may be contested. All investors are entitled to fair treatment under securities laws. This is attorney advertising. Prior results do not guarantee a similar outcome. This communication is for informational purposes only and does not create an attorney-client relationship.
