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Report: #1444384

Complaint Review: James P Matti of Morgan Stanley - Las Vegas Nevada

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  • Reported By: Ed — Las Vegas Nevada United States
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  • James P Matti of Morgan Stanley 3993 HOWARD HUGHES PARKWAY SUITE 800 Las Vegas, Nevada United States

James P Matti of Morgan Stanley Mr Matti cares more about making commissions than his clients financial security Las Vegas Nevada

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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.   

This report was posted on Ripoff Report on 05/23/2018 11:40 PM and is a permanent record located here: https://www.ripoffreport.com/reports/james-p-matti-of-morgan-stanley/las-vegas-nevada-89169/james-p-matti-of-morgan-stanley-mr-matti-cares-more-about-making-commissions-than-his-cli-1444384. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

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