Former Morgan Stanley broker Peter Doyle is barred from associating with
any FINRA member firm in any capacity as a part of a Letter of Acceptance,
Waiver & Consent (AWC) entered by FINRA on July 28, 2017.
Peter Doyle was discharged from Morgan Stanley on June 24, 2016, for failing
to adhere to firm policies and/or industry rules, including the use of
trading discretion in a customer’s account. Earlier that month,
Morgan Stanley was ordered by a FINRA arbitration panel to pay over $8
million in damages in a customer dispute concerning allegations that Peter
Doyle made unauthorized trades, failed to disclose fees, and engaged in
the financial abuse of an elderly customer.
More recently, another customer dispute was filed against Morgan Stanley
involving allegations that Peter Doyle made unsuitable investment recommendations
to a customer from 2008 until 2016. That dispute was ultimately settled
According to the AWC entered last month by FINRA, Peter Doyle refused to
appear for on-the-record testimony related to the events that led to his
discharge from Morgan Stanley.
Peter Doyle had been working as a stockbroker since 1995. He worked in
New York and Washington, D.C. Most recently, he was working for H. Beck
Inc. in Bethesda, Md.
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