Gregg Gelber: $1mm Complaint Against Morgan Stanley Advisor

Coral Gables, Florida financial advisor Gregg Gelber (CRD# 4332564) recently received an investor complaint alleging that his advice resulted in seven-figure damages. Financial Industry Regulatory Authority records show that he is registered as a broker and an investment advisor with Morgan Stanley, having previously been registered with Oppenheimer & Company.

Mr. Gelber’s BrokerCheck report discloses one investor complaint. Filed in July 2024, it alleges that as a representative of Morgan Stanley, he recommended unsuitable annuity products, misrepresented and omitted material information, over-concentrated investments, and failed to uphold his supervisory responsibilities. The pending complaint alleges damages of $1 million.

Morgan Stanley’s website includes a profile of Mr. Gelber in which he describes his background and services. “We strive to guide individuals, families, and businesses toward their investment goals through a reliable process and an impeccable service experience,” he writes. “We believe that identifying financial solutions begins with a solid understanding of each client’s situation, goals, objectives, and risk tolerance. Our disciplined approach allows us to work with you to craft a solution that helps meet your individual financial needs. We feel that clear communication, expectations, and education are pillars to a healthy, valuable relationship.”

According to the Financial Industry Regulatory Authority, Gregg Gelber holds 23 years of securities industry experience. Based in Coral Gables, Florida, he has been registered as a broker and an investment advisor with Morgan Stanley since 2013. His past registrations include Oppenheimer & Company, Stanford Group Company, FSC Securities, First Union Securities Financial Network, and Cadaret Grant & Company. His credentials include the passage of three securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; and the Uniform Combined State Law Examination, or Series 66. He holds 29 state licenses. (Information current as of August 17, 2024.)

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