Pal has multiple pending customer complaints alleging a variety of misconduct.
Sumitro Pal (CRD#: 4763364) was registered as a broker with Morgan Stanley from 2004 until 2018. Pal was not registered with any other broker-dealers during his career.
Pal has ten customer disputes on his BrokerCheck report. Three of the customer disputes were denied.
November 2020 Customer Dispute
- Status: Pending
- Allegations: Claimant alleges, inter alia, selling away with respect to investments – Oct, 2007
- Damage Amount Requested: $75,000.00
October 2020 Customer Dispute
- Status: Pending
- Allegations: Claimants allege, inter alia, unsuitability with respect to investments – Jan, 2014 – Sep, 2018
July 2020 Customer Dispute
- Status: Pending
- Allegations: Plaintiff alleged, inter alia, unauthorized trading with respect to investments 2014-2017
- Damage Amount Requested: $1,500,000.00
November 2018 Customer Dispute
- Status: Pending
- Allegations: Claimant alleged, inter alia, misappropriation of funds for an outside investment – 2013 – Feb 2018
May 2018 Customer Dispute
- Status: Settled
- Allegations: Claimant alleged, inter alia, misappropriation of funds for outside investment – Oct 2017 to Feb 2018
- Settlement Amount: $2,500,000.00
September 2017 Customer Dispute
- Status: Settled
- Allegations: The claimant alleged that the FA invested his retirement money in high-risk corporate bonds including an over-concentration of bonds in the energy sector and also that the FA misrepresented the losses of his investments. 01/01/2013-08/31/2017
- Settlement Amount: $112,500.00
May 2009 Customer Dispute
- Status: Settled
- Allegations: The client believed that the annuity purchased in January 2008 had a guaranteed minimum income benefit rider, which it did not.
- Settlement Amount: $16,100.00
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The Sonn Law Group is currently investigating allegations surrounding Sumitro Pal. 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.
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