Morgan Stanley Advisor Barry Garapedian
Barry Garapedian (CRD #1039251) is a currently registered broker employed by Morgan Stanley (CRD #149777) of Westlake Village, CA. He has been with Morgan Stanley since 2009. He was previously employed by Citigroup Global Markets Inc. (CRD #7059), Lehman Brothers, Inc. (CRD #7506) and E. F. Hutton & Company, Inc. (CRD #235) He has been in the industry since 1982.
Garapedian has been the subject of three FINRA customer disputes in 2018, all with similar allegations of “unsuitability.” The first one, on 3/20/2018 was denied. The second was filed on 03/22/2018 and involves the period 2013 to 2015, and is listed as “pending.” The third claim, filed on 04/01/18, requests damages of $713,000.00. Garapedian’s statement denies the allegations, and maintains that everything was discussed with the customer prior to any transactions, and the investments recommended were suitable for the client. This claim is also listed as “pending.”
One claim was also filed in 2017, alleging the same “unsuitablility,” and was closed with no action.
In 2008, two claims were filed against Garapedian regarding the sale of Auction Rate Securities, or ARS. In mid-February of 2008, the market suffered widespread failures and illiquidity. The firm repurchased these ARS from clients. Garapedian was not asked to contribute, nor did he have any other input in the firm’s decisions.
Did You Invest Money With Barry Garapedian?
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