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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