Complaint Review: James P Matti of Morgan Stanley

This crook is very charming and leads you to believe the money you in trust with him will be invested to suit your needs. In our case retirement income. At first everything seemed great. Then our statements starting showing trades I did not authorize or even knew about. When I finally got a hold of him he turn on the charm and by the time i hung up the phone he had convinced me everything was alright. Then the statements starting showing more trades and worst of all, I was losing money. Again, after numerous attempts I got Mr Massi on the phone. When I didn't fall for his charm this time he became belligerent, even telling me I was stupid for not trusting his advice and proceeded to tell me about all the education he has.   After many more calls and abuse i finally received my money back, or 66 percent of what i gave him originally Later on I found out the term insiders use to describe what he did to me and my wife. It is called churning. The broker makes a bunch of trades in order to make commission.  Stay away from this crook.