Fired Morgan Stanley Financial Advisor Barred
Self-regulator Finra has barred a former Morgan Stanley financial advisor the firm had terminated over allegations of unauthorized trading, according to a letter of acceptance, waiver and consent published by the industry’s organization.
Bruce Plyer, who had been a registered representative since 1987, had been with Morgan Stanley since 2009, Finra says. In November 2016, the company terminated Plyer over allegations he executed trades in clients’ accounts without their authorization, according to the letter of consent.
In September 2018 Plyer told Finra staff he would not appear to testify for the regulator’s investigation into his termination, prompting Finra to bar him from the industry, the regulator says.
Plyer consented to the order without admitting or denying Finra’s findings, according to the letter of consent.
After his termination from Morgan Stanley, Plyer registered with International Assets Advisory, LLC, where he remained until last February, and has not registered with another firm, according to his BrokerCheck profile.
He has four customer disputes on his record dating back to 1998, starting with a claim, eventually denied, that Plyer had miscalculated options sold short, according to BrokerCheck. At the time, Plyer was registered with Citigroup Global Markets, according to his profile.