The Truth About Erie County Legislator Ted Morton

Listen up voters in Erie County Leg District 8 (that means you #Lancaster#Depew#Alden and #Cheektowaga)

Legislator Ted Morton is stole hundreds of thousands of dollars from clients as a financial planner and then lied about it to a federal agency. He is morally bankrupt and unfit for Public office. On November 7th, you finally have a better choice! Vote John Bruso for Erie County Legislator

FINRA RULES 2010, 3240, NASD RULES 2110, 2370: MORTON, WHILE REGISTERED WITH A MEMBER FIRM, BORROWED APPROXIMATELY $315,000 FROM SEVEN FIRM CUSTOMERS. THE FIRM’S WRITTEN POLICIES AND PROCEDURES PROHIBIT BORROWING MONEY FROM OTHERS, WITH EXCEPTIONS ONLY IN LIMITED CIRCUMSTANCES, NONE OF WHICH WERE APPLICABLE TO MORTON’S CUSTOMER LOANS. MORTON DID NOT GIVE WRITTEN NOTICE OR OBTAIN PRIOR WRITTEN APPROVAL FROM THE FIRM FOR ANY OF THE LOANS HE RECEIVED FROM HIS CUSTOMERS. MORTON HAS FULLY REPAID THREE OF HIS CUSTOMERS AND HAS BEEN MAKING PAYMENTS ON THE FOUR OUTSTANDING LOANS. MORTON ALSO FALSELY STATED ON FIRM COMPLIANCE QUESTIONNAIRES FROM THE YEARS 2009 THROUGH 2012 THAT HE HAD NOT BORROWED FROM CUSTOMERS.

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