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Justin Zellers Voluntarily Resigned from Morgan Stanley Smith Barney

Justin Zellers (CRD #: 7585538) voluntarily resigned from Morgan Stanley Smith Barney following allegations. This disclosure appears on his BrokerCheck record, accessed on August 9, 2024. Keep reading if you have questions regarding his alleged conduct. 

Employment Separation After Allegations

On June 3, 2024, Justin Zellers voluntarily resigned from Morgan Stanley Smith Barney following allegations regarding whether the representative correctly marked brokerage CD trades as unsolicited. 

Unsolicited vs Solicited Trades

Investors select unsolicited trades while brokers recommend solicited trades. Solicited trades are subject to closer scrutiny because the broker may have a conflict of interest when recommending certain investments. 

What is a Brokered CD? 

Brokered CDs come with more risk than a typical certificate of deposit because they often have longer maturity dates than regular CDs and may be callable (i.e. cancellable) by the issuing banks. Brokered CDs may also come with more fees than a typical CD. 

Background Information 

Justin Zellers has passed the following exams: 

  • Series 66 – Uniform Combined State Law Examination 
  • Series 7TO General Securities Representative Examination 
  • SIE – Securities Industry Essentials Examination 

Kurta Law Can Help 

If you worked with Justin Zellers and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or email info@kurtalawfirm.com for a free consultation. 

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