The Financial Industry Regulatory Authority Inc. has disallowed previous Morgan Stanley representative Anthony Joseph Verzi from the securities market after he chose not to affirm at a hearing into supposed trading abuses.

Mr. Verzi, who was with Morgan Stanley in Melbourne, Fla., from 1993 up until he was ended in July 2016, chose not to stand for a statement as asked for by Finra in a letter dated May 2, 2017. The previous October, Finra started an examination into Mr. Verzi’s possible inappropriate trading of system financial investment trusts in consumer accounts.

The matter was kept in mind in a Finra Letter of Acceptance, Waiver, and Consent, where Mr. Verzi accepted and granted the Finra restriction and other conditions without confessing or rejecting Finra’s findings.