Roy Daniel Budd, Broker with Morgan Stanley, Named in Customer Dispute Alleging Recommendation of Unsuitable Investments

INVESTORS: Morgan Stanley broker Roy Daniel Budd was named in a customer dispute alleging recommendation of unsuitable investments.

Roy Daniel Budd (CRD#: 34635) is registered as a broker and investment adviser with Morgan Stanley, where he has been employed since 2009. Previously, Budd was registered as a broker and investment adviser with Citigroup Global Markets from 1980 to 2009.

Budd has two disclosures on his BrokerCheck report.

November 2021 Customer Dispute

Status: Pending

Allegations: Claimant alleges, inter alia, unsuitability with respect to concentrated investment in managed account – April, 2019.

Damage Amount Requested: $100,000.00


June 2001 Customer Dispute

Status: Settled

Allegations: Failure to supervise. Time period: May 2000 through December 2000.

Damage Amount Requested: $793,514.00

Settlement Amount: $420,000.00

Broker Comment: Salomon Smith Barney settled this matter. “The Branch Manager denies any and all allegations of failure to supervise.”


If you have any information about Roy Daniel Budd that you would like to share or discuss, please call our firm for a confidential consultation. We represent investors in claims against negligent brokers and brokerage firms. If you or your loved one experienced investment losses, we are here to help. For a free consultation, please call us now at 866-827-3202 or complete our contact form.