Tagged with "Morgan Stanley"

Morgan Stanley Hit With Another Deferred Compensation Claim

Posted on March 29th, 2022 at 12:18 PM
Morgan Stanley Hit With Another Deferred Compensation Claim

Morgan Stanley’s legal woes over its withholding of deferred compensation from brokers who leave for another firm are multiplying. Attorney James Eccleston stressed that a threat still persists in the federal proposed class action that Morgan Stanley will persuade the court to compel the plaintiffs to arbitrate.

 
 
 
 
 

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Recent Morgan Stanley Recruiting Video Directly Criticizes Merrill Lynch

Posted on March 11th, 2022 at 2:27 PM
Recent Morgan Stanley Recruiting Video Directly Criticizes Merrill Lynch

A recently-produced Morgan Stanley recruiting video that managers can use to convince potential recruits to join the firm directly criticizes its rival, Merrill Lynch.

 

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FINRA Bars Former Morgan Stanley Advisor Facing Millions in Claims from Pro Athletes

Posted on February 14th, 2022 at 12:00 PM
FINRA Bars Former Morgan Stanley Advisor Facing Millions in Claims from Pro Athletes

A former Morgan Stanley advisor has been barred by the Financial Industry Regulatory Authority (FINRA) after receiving numerous complaints from his former professional athlete clients, including former basketball star Chandler Parsons.

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Former Morgan Stanley Advisor Settles FINRA Charge Over Inherited Account Coding

Posted on February 7th, 2022 at 11:22 AM
Former Morgan Stanley Advisor Settles FINRA Charge Over Inherited Account Coding

The Financial Industry Regulatory Authority (FINRA) has issued a 10-day suspension and a $2,500 fine against another former Morgan Stanley advisor over an alleged miscoding of trades on inherited accounts.

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Morgan Stanley Advisor Resigns Over Shared Account Credits

Posted on December 20th, 2021 at 1:50 PM
Morgan Stanley Advisor Resigns Over Shared Account Credits

A former Indiana-based Morgan Stanley advisor has resigned amidst the firm’s year-long probe into advisors who purportedly miscoded production numbers on shared accounts.

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FINRA Bars Former Morgan Stanley Advisor For Using Client Credit Line

Posted on December 6th, 2021 at 1:39 PM
FINRA Bars Former Morgan Stanley Advisor For Using Client Credit Line

The Financial Industry Regulatory Authority (FINRA) has barred a former Morgan Stanley advisor for allegedly misappropriating at least $61,000 from a client credit line for his personal use and for refusing to cooperate with FINRA’s investigation.

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Morgan Stanley Alleges That Team “Betrayed” Former Partner in Move to J.P. Morgan

Posted on November 16th, 2021 at 10:49 AM
Morgan Stanley Alleges That Team “Betrayed” Former Partner in Move to J.P. Morgan

A New York state judge is considering whether to grant Morgan Stanley’s request for a temporary restraining order (TRO), which would bar two advisors from soliciting former clients at their new firm.

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Morgan Stanley Fails to Halt Oregon Advisor from Soliciting Former Clients

Posted on August 19th, 2021 at 2:44 PM
Morgan Stanley Fails to Halt Oregon Advisor from Soliciting Former Clients

A former Morgan Stanley Oregon-based advisor has prevailed in a legal battle over a temporary restraining order (TRO), which restricted him from soliciting former clients at his new firm.

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Morgan Stanley Files Suit Against Oregon Advisor Over Inherited Account Issue

Posted on August 10th, 2021 at 2:32 PM
Morgan Stanley Files Suit Against Oregon Advisor Over Inherited Account Issue

After firing Robert Sevcik in July, Morgan Stanley has filed for a temporary restraining order (TRO) against the Oregon-based advisor as part of the firm’s investigation into the miscoding of production numbers on inherited accounts.

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UBS Advisor, Sued By Morgan Stanley, Agrees to Customer Solicitation Ban

Posted on July 29th, 2021 at 2:18 PM
UBS Advisor, Sued By Morgan Stanley, Agrees to Customer Solicitation Ban

A UBS advisor, Michael Crotty, has agreed to an order preventing him from soliciting former clients at Morgan Stanley, according to a preliminary injunction filed in New Jersey federal court.

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