Steven Melen, Formerly of Morgan Stanley, Suspended by FINRA Following Failure to Disclose Rental Property

Melen is also accused of accepting loans from clients without approval from Morgan Stanley.

steven-melen-suspended-by-finraSteven Melen (CRD: 2357251) is registered as a broker and investment adviser with LPL Financial where he has been employed since March 2019. Previously, Melen was registered as a broker and investment adviser with Morgan Stanley where he was employed from 2007 until 2019. 

Melen voluntarily resigned from Morgan Stanely in March 2019 following allegations that Melen was under internal review regarding whether he had “borrowed funds from a client, without disclosing the arrangement to the firm.”

Melen has three other disclosures on his BrokerCheck report.

April 2021 Regulatory Judgment

May 2019 Investigation

December 2009 Customer Dispute

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The Sonn Law Group is currently investigating allegations surrounding Steven Melen. 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.