Expert Review

Bobby Kolev: Exposed with the Allegations of SEC (Latest Update 2023)

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Who is Bobby Kolev (CRD#: 3024003)?Everything you need to know about Bobby Kolev and their accolades

Bobby Kolev is a Managing Director, Chairman’s Club Member, and has held the title of Corporate Cash Investment Director at Morgan Stanley Wealth Management since 2012 and International Client Advisor since 2017.

Mr. Kolev began his career in 1998 on the fixed-income trading desk at Salomon Smith Barney. In 2002, Mr. Kolev joined the Investment Management Division at Lehman Brothers. Mr. Kolev holds a double major, B.S. in Finance and Accounting from Bernard Baruch College.

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About Morgan Stanley Wealth Management:History, achievements, leadership, lawsuits, & disputes

Morgan Stanley Wealth Management, an American multinational financial services corporation, specializes in retail brokerage and asset management. As a division of Morgan Stanley, it serves a wide range of clients, from individual investors and small-to-mid-sized businesses to large corporations, non-profit organizations, and family foundations. With a strong history and a proven track record, Morgan Stanley Wealth Management has become a leading choice for those seeking expert financial advice and guidance.

Early Beginnings: Smith Barney & Co.

Morgan Stanley Wealth Management has its roots in the 1938 merger of Charles D. Barney & Co. and Edward B. Smith & Co., which formed Smith Barney & Co. Charles D. Barney & Co., founded by Charles D. Barney in 1873, was a New York and Philadelphia-based firm that emerged from the failure of its predecessor, Jay Cooke & Company. Edward B. Smith & Co., founded in 1892, became a significant player in securities underwriting in 1934 after absorbing the professionals from the securities business of Guaranty Trust Company, following the passage of the Glass-Steagall Act.

Morgan Stanley Wealth Management offers a comprehensive suite of financial services to cater to the diverse needs of its clients. Some of these services include:

Investment Management

Morgan Stanley Wealth Management provides a wide range of investment options, including stocks, bonds, mutual funds, exchange-traded funds (ETFs), and more. Their financial advisors help clients develop tailored investment strategies to meet their specific financial goals and risk tolerance levels.

Financial Planning

Financial planning services offered by Morgan Stanley Wealth Management include retirement planning, education planning, estate planning, and more. Their financial advisors work with clients to understand their financial objectives and develop a comprehensive financial plan to help them achieve those goals.

What is a Financial Advisor?

A financial advisor is a specialist who offers professional financial advice to people looking to accomplish particular financial goals. You work with a financial advisor to develop a thorough financial plan that is specific to your situation, much like you would hire an architect to construct the blueprint for your home. Understanding your existing financial condition, including your income, costs, savings, and spending patterns, is a requirement for this collaboration.

Banking and Lending

Morgan Stanley Wealth Management offers banking and lending solutions, such as cash management accounts, mortgages, home equity loans, and lines of credit to help clients manage their day-to-day financial needs and achieve their long-term financial goals.

Insurance and Annuities

To help clients protect their financial future, Morgan Stanley Wealth Management offers insurance and annuity products, including life insurance, long-term care insurance, and annuities, designed to provide financial stability and peace of mind.

Philanthropy and Social Impact Investing

Morgan Stanley Wealth Management offers philanthropic advisory services and social impact investing options for clients who want to align their investments with their values and make a positive impact on society.

28/11/2023 Update
As of now, Bobby Kolev has not responded, nor has he apologized for his misdeeds. He has ignored our efforts to highlight the problems faced by his victims. Furthermore, he has only focused on propagating his fake PR.
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Bobby Kolev Disclosures: BrokerCheck, FINRA, And SEC ReportsEvery complaint, disclosure, litigation against Bobby Kolev

BrokerCheck report of Bobby Kolev includes information such as employment history, professional qualification, disciplinary actions, criminal convictions, civil judgment, and arbitration awards as well as disclosures events.

As per the report, 2 Customer Dispute and 1 Termination disclosure has been reported against Bobby Kolev.

Customer Dispute- This type of disclosure event involves (1) a consumer-initiated, investment-related arbitration or civil suit containing allegations of sales practice violations against the individual broker that was dismissed, withdrawn, or denied; or (2) a consumer-initiated, investment-related written complaint containing allegations that the broker engaged in sales practice violations resulting in compensatory damages of at least $5,000, forgery, theft, or misappropriation, or conversion of funds or securities, which was closed without action, withdrawn, or denied.

This type of disclosure event involves a consumer-initiated, investment-related complaint, arbitration proceeding, or civil suit containing allegations of sale practice violations against the broker that resulted in a monetary settlement to the customer.

Employment Separation After Allegations- This type of disclosure event involves a situation where the broker voluntarily resigned, was discharged, or was permitted to resign after being accused of (1) violating investment-related statutes, regulations, rules, or industry standards of conduct; (2) fraud or the wrongful taking of property; or (3) failure to supervise in connection with investment-related statutes, regulations, rules, or industry standards of conduct.

Financial Advisors often take down their client disputes from FINRA’s Public database through Disclosure Expungement. Even law firms provide expungement services to FAs so that they can hide or remove their client disputes and maintain a clean record. So the lack of any disclosures on BrokerCheck doesn’t necessarily mean that the broker hasn’t had any disputes in the past.

FINRA’s BrokerCheck

BORISLAV VALENTINOV KOLEV – Broker at MORGAN STANLEY (finra.org)

SEC Litigations & Forms

Bobby Kolev

Source: Bobby Kolev – SEC Site Search Search Results

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Bobby Kolev Lawsuits, Legal Battles, & DisputesActive database of all lawsuit documents (subject to availability) against Bobby Kolev

There might be more pending lawsuits against Bobby Kolev which are not listed on these directories. Lawsuit files are often deleted from online directories. So, if you cannot find any lawsuits against Bobby Kolev on these websites, you can contact the local authorities and check if they have a physical copy of any cases.

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Bobby Kolev Complaints, Class Action Lawsuits & Legal BattlesRead all class action lawsuits and SEC complaints against Bobby Kolev (if available)

The following websites/directories are the best sources for finding complaints, litigations, and disputes against finance advisors. You can find all the complaints against Bobby Kolev using the websites down below:

You can contact the law firms mentioned above if facing issues with Bobby Kolev or any financial advisor.

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Better Alternatives to Bobby Kolev (By Experts):Find the top 3 alternatives to Bobby Kolev

These recommendations are based on the ratings of SmartAsset.com, the biggest financial advisor review platform on the internet.
You can check out the top 10 financial advisors in the U.S. to learn more.
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Manages Assets Worth

  • $714,587,898,072

Services

  • Financial planning
  • Portfolio management
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  • Selection of other advisors
  • Publication of periodicals
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Manages Assets Worth

  • $173,418,270,044

Services

  • Financial planning
  • Portfolio management
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Manages Assets Worth

  • $46,803,858,104

Services

  • Portfolio management

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