Last week, FINRA barred a former Morgan Stanley Wealth Management Advisor, for alleged non-disclosure of a power of attorney appointment and a gift he accepted from one of his clients.
In a letter of waiver and consent from FINRA, Martin Kirschner (CRD # 1326676) consented to the bar but did not confirm or deny the findings. Morgan Stanely terminated Kirschner’s employment in 2017 following the allegations of non-disclosure.
In communicating with FINRA investigators, Kirschner’s attorney said the broker would not appear for testimony about his failure to disclose. FINRA requires registered brokers to provide information and cooperate with investigations. Kirschner’s refusal to testify is a violation of FINRA rules and resulted in the bar.
This is the first disclosure on Kirschner’s record in his 33 years in the financial industry. He has been registered as an investment advisor since 1985 and was with Morgan Stanley since 2009. The broker never registered with another firm following his termination from Morgan Stanley.
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Source: Financial Advisor IQ
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