Last Updated: June 2025 – Mobile, AL
Here’s what you need to know about Mobile, AL, stockbroker Maury Lomax:
- Name: Maury Edward Lomax
- CRD Number: 4389255
- Current Employer: Morgan Stanley- Member of The Lomax Coale Group
- Primary Location: Mobile, AL
- Function: Stockbroker / Financial Advisor
- Previously Registered With: Citigroup Global Markets Inc.; Morgan Stanley & Co. Incorporated; Morgan Stanley DW Inc.
- Can Maury Lomax be sued in FINRA arbitration? Yes
- Sanctioned by FINRA? No
- Pending Customer Dispute seeks Damages of: $1,000,000
If you’ve sustained damages from Mr. Lomax, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Maury Lomax As Your Stockbroker?
Maury Edward Lomax is currently facing a pending FINRA arbitration (Case No. 23-01789) filed in June 2023, in which a customer of Morgan Stanley is seeking $1,000,000 in damages. The customer alleges that the investment strategy recommended by Lomax in the client’s account between 2020 and 2022 was not in the client’s best interests, potentially violating FINRA Rule 2111 (Suitability) and Regulation Best Interest.
In a previous case, a written customer complaint alleged that Mr. Lomax misled clients about the safety of an investment portfolio involving listed equities. This complaint was filed on April 2, 2009, and requested $158,000 in damages. The case was later denied by Morgan Stanley & Co. Incorporated on April 28, 2009, and apparently the customer did not pursue the matter further.
Allegations of Broker Misconduct Against Maury Lomax
Mr. Lomax has two reported customer disputes, including one currently pending. Allegations include:
- Unsuitable Investment Strategies
- Misrepresentation of Risk
Firms Have a Duty to Supervise their Financial Advisors (FINRA Rules 3110 & 2090)
Brokers and their firms have a duty to comply with the FINRA suitability rule which requires that they have a reasonable basis to believe that a recommendation is suitable for the customer.
FINRA Rule 2111- suitability -Regulation Best Interest
Recover Your Investment Losses Now With Rex Securities Law
Investigations of Other Morgan Stanley Brokers
If you have suffered investment losses in an account handled by Maury Edward Lomax, contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL, and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors, and broker-dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.