Broker Justin Amaral Permanently Barred from Securities Industry

Failure to provide on-the-record testimony to FINRA results in disciplinary action

After termination from employment with Morgan Stanley in 2014 following allegations surrounding his status as an executor and beneficiary in a client’s estate and his use of discretion in several client accounts, broker Justin Amaral has been permanently barred from the securities industry by FINRA.

According to Amaral’s BrokerCheck record, as of June 2015 the Boston-based broker’s 12 years in the securities industry has ended as a result of his failure to appear for an on-the-record testimony requested by FINRA during the course of an investigation. The requested testimony may be related to the reasons Morgan Stanley terminated Amaral’s employment.

According to Amaral’s FINRA report, two separate customer disputes filed in June 2014 and January 2015—with over $500,000 in requested damages—allege gross mismanagement and misrepresentation by Amaral in his capacity as a broker.

If you have suffered financial loss as a direct result of the misconduct of Justin Amaral, or any other financial adviser, you may be entitled to loss recovery through securities arbitration. To discuss your legal options and investigate your rights, contact Silver Law Group for a free consultation. Each case is handled on a contingent-fee basis, meaning that you will only pay legal fees if Silver Law Group is successful.