Last Updated: April 2025, Hendersonville, NC/ Palm Coast, FL
Anthony Gallea Investigation Summary
Here’s what you need to know about Hendersonville, NC/ Palm Coast, FL, stockbroker Anthony Gallea:
- Name: Anthony Michael Gallea
- Current Employer: Morgan Stanley
- DBA: Morgan Stanley
- Prior Employers: Citigroup Global Markets Inc., Lehman Brothers Inc.
- Function: Stockbroker / Financial Advisor
- Aliases: Anthony Gallea
- Primary Location: Hendersonville, NC / Palm Coast, FL
- CRD:713980
- Can Anthony Gallea be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: No
- Highest Settlement or Award: None reported- Three customer disputes filed that were denied by the firm.
- Pending Customer Dispute Seeks Damages of:$429,000
If you’ve sustained damages from Mr. Gallea, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Anthony Gallea As Your Stockbroker?
A pending customer dispute filed against Anthony Gallea on March 7, 2025, alleges that the covered option trading strategy he recommended for clients was unsuitable. The claim seeks damages totaling $429,000 for activities that occurred between 2019 and 2023.
Previous disputes involving allegations of unsuitable investment recommendations and misrepresentations were denied by Morgan Stanley, including claims involving covered call strategies and equity transactions. Apparently, the customers did not pursue the matters further. See below for our advice if you have a claim “denied” by the brokerage firm.
Allegations of Broker Misconduct Against Anthony Gallea
Customers have alleged the following misconduct against Anthony Gallea:
- Unsuitable investment recommendations, specifically involving options trading strategies
- Misrepresentation regarding investment strategies
FINRA Rule 2111, requiring brokers to recommend suitable investment strategies tailored to individual client profiles, may apply to the allegations involving unsuitable recommendations and misrepresentations.
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. Additionally, brokers are required to disclose certain financial matters such as personal bankruptcies, judgments, and liens.
What is Option Trading?
According to the U.S. Securities and Exchange Commission (SEC) “Options are contracts giving the purchaser the right to buy or sell a security, such as stocks, at a fixed price within a specific period of time.”
This right to purchase or right to sell at a set price for a set period of time allows investors to potentially profit not only from the rise in price, but also the decline. “Call” options grant the investor the right to buy a security at a set price for a set period of time. “Put” options give the investor the right to sell a security a set price for a set period of time.
Has Your Brokerage Firm “Denied” Your Claim for Damages Due to Stockbroker Malpractice?
It is quite common (and predictable as well) for brokerage firms to deny a customer’s complaint made directly to the company. Firms know that in many, if not most, instances telling the customer “we don’t think it’s our fault” will be the end to the problem.
Firms seldom, if ever, offer adequate resolution when a customer deals directly with the brokerage firm. In the unlikely event the firm does actually agree to discuss settlement, the firm will generally attempt to have you settle your case for a fraction of what it is worth.
If you think there is a problem with the way your account has been handled, or if you have had your claim “denied”, talk to an experienced securities attorney to learn your rights and to learn what the true value of your claim may be.
We do not charge to evaluate a case.
Recover Your Investment Losses Now With Rex Securities Law
Investigations of Other Morgan Stanley Brokers
Follow this link for Investigation of Morgan Stanley broker Helen Rothlein who discloses this same pending customer dispute involving option trading.
If you have suffered investment losses in an account handled by Anthony Gallea, 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.