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George Salidas Allegedly Executed Unauthorized Stock Trades

George Salidas (CRD #: 4296210), a broker registered with Morgan Stanley, allegedly executed unauthorized trades, according to his BrokerCheck record, accessed on February 22, 2023. If you want to know more about his alleged conduct as a broker, read on.

Investor Dispute

On December 29, 2022, an investor alleged that George Salidas executed unauthorized sales of stock to generate funds for the client’s account withdrawal. This dispute is currently pending.

FINRA Rule 3260

FINRA Rule 3260 requires brokers to receive written authorization from their clients before engaging in discretionary trading. The firm must also approve the designation of an account as discretionary before this trading can occur.

Background Information

George Salidas has passed the following exams:

  • Series 65 – Uniform Investment Adviser Law Examination
  • Series 63 – Uniform Securities Agent State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 – General Securities Representative Examination

George Salidas is a registered broker in 20 states and a registered investment adviser in California and Texas.

He has also worked for Morgan Stanley & Company (CRD#:8209) and Citigroup Global Markets (CRD#:7059).

Kurta Law Can Help

If you worked with George Salidas and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf. 

 

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