Lance Slater with ELLIOTT (ELLIOT?) Consulting. the man was barred from FINRA just a few weeks ago and was terminated from Morgan Stanley. I don't know who he is or why he continues to call and attempt to recruit my advisors. He is about to get a call from my lawyer.
FINRA has permanently barred this individual from acting as a broker or otherwise associating with firms that sell securities to the public.
03/18/2016
Initiated By FINRA
Allegations Without admitting or denying the findings, Slater consented to the sanction and to the entry of findings that he failed to provide documents and information as requested by FINRA during the course of an investigation into allegations that he accepted a loan from a customer.
Resolution Acceptance, Waiver & Consent(AWC)
Sanctions Bar (Permanent)
Duration
10/09/2015 Employment Separation After Allegations
Firm Name MORGAN STANLEY
Termination Type Discharged
Allegations Allegations about adherence to firm's guidance regarding certain sales activity and possible involvement in an unreported loan from a customer while at a prior firm.
N/A
10/09/2015 Customer Dispute - Denied
Allegations Time Frame: 2013 Client's Attorney alleges that FA borrowed $210,000 from client, tried to hide the fact from her children and has not and cannot pay the client back. Attorney also alleges that FA excessively traded client's account in unsuitable investments.
Lance Slater with ELLIOTT (ELLIOT?) Consulting. the man was barred from FINRA just a few weeks ago and was terminated from Morgan Stanley. I don't know who he is or why he continues to call and attempt to recruit my advisors. He is about to get a call from my lawyer.
FINRA has permanently barred this individual from acting as a broker or otherwise associating with firms that sell securities to the public.
03/18/2016
Initiated By FINRA
Allegations Without admitting or denying the findings, Slater consented to the sanction and to the entry of findings that he failed to provide documents and information as requested by FINRA during the course of an investigation into allegations that he accepted a loan from a customer.
Resolution Acceptance, Waiver & Consent(AWC)
Sanctions Bar (Permanent)
Duration
10/09/2015 Employment Separation After Allegations
Firm Name MORGAN STANLEY
Termination Type Discharged
Allegations Allegations about adherence to firm's guidance regarding certain sales activity and possible involvement in an unreported loan from a customer while at a prior firm.
N/A
10/09/2015 Customer Dispute - Denied
Allegations Time Frame: 2013 Client's Attorney alleges that FA borrowed $210,000 from client, tried to hide the fact from her children and has not and cannot pay the client back. Attorney also alleges that FA excessively traded client's account in unsuitable investments.