Tagged with "Morgan Stanley"

Carve-Out Provision Plays A Crucial Role in Morgan Stanley Advisor Transition Battle

Posted on February 25th, 2021 at 3:18 PM
Carve-Out Provision Plays A Crucial Role in Morgan Stanley Advisor Transition Battle

An employment agreement, including a one-paragraph amendment signed over a decade ago, now is playing a crucial role in ongoing litigation between Morgan Stanley and RBC.

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Boca Raton Financial Advisor Terminated by Morgan Stanley

Posted on February 18th, 2021 at 9:12 AM
Boca Raton Financial Advisor Terminated by Morgan Stanley

Morgan Stanley has removed a 31-year veteran who managed $959 million in client assets.

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Morgan Stanley Dismisses Veteran Financial Advisor

Posted on February 15th, 2021 at 1:24 PM
Morgan Stanley Dismisses Veteran Financial Advisor

Morgan Stanley dismissed a veteran financial advisor from Dallas.

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Morgan Stanley Recovers Million Dollar Prom Note Balance from Advisor Who Represented Himself

Posted on February 5th, 2021 at 2:06 PM

A sole arbitrator held a Florida advisor liable for the full amount of a $984,000 promissory note. The award also orders the advisor to pay $23,000 in legal and filing costs.

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Federal Court Grants Injunction Against Former Morgan Stanley Advisor Team

Posted on January 27th, 2021 at 3:12 PM
Federal Court Grants Injunction Against Former Morgan Stanley Advisor Team

The Eccleston Law blog previously discussed the lawsuit filed by Morgan Stanley against its Former advisor team led by Wade Martin, as well as the counterclaim filed by the Martin team.

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Advisor Team that Left Morgan Stanley Files Counterclaim Seeking to Prohibit Firm from Soliciting Clients

Posted on January 21st, 2021 at 3:33 PM
Advisor Team that Left Morgan Stanley Files Counterclaim Seeking to   Prohibit Firm from Soliciting Clients

Last week in the Eccleston Law blog we discussed a lawsuit filed by Morgan Stanley against a team of Advisors led by Wade Martin.

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Morgan Stanley Files Lawsuit Against $6 Million Team

Posted on January 14th, 2021 at 3:57 PM
Morgan Stanley Files Lawsuit Against $6 Million Team

A $6 million advisor team led by Wade Martin left Morgan Stanley to join RBC Wealth Management-U.S. in October 2020.

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Former Morgan Stanley Advisor Files Lawsuit over Deferred Compensation

Posted on January 4th, 2021 at 3:54 PM
Former Morgan Stanley Advisor Files Lawsuit over Deferred Compensation

Matthew T. Shafer, a former advisor for Morgan Stanley Wealth Management, has filed a putative class action against Morgan Stanley, AdvisorHub reported. 

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Morgan Stanley Agrees to Settle FINRA Charge of Failure to Supervise

Posted on August 24th, 2020 at 10:04 AM
Morgan Stanley Agrees to Settle FINRA Charge of Failure to Supervise

Morgan Stanley Wealth Management has reached an agreement with the Financial Industry Regulatory Authority (“FINRA”) to settle charges relating to alleged supervisory failures.

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Former Morgan Stanley Advisor Pleads Guilty to Fraud

Posted on July 22nd, 2020 at 4:05 PM
Former Morgan Stanley Advisor Pleads Guilty to Fraud

Michael Barry Carter, a former advisor at Morgan Stanley, pleaded guilty to federal charges of wire fraud and investment advisor fraud.  According to the United States Department of Justice (“DOJ”), Carter stole more than $6 million over a period of almost 12 years.  The DOJ said that most of Carter’s victims were senior investors.

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TESTIMONIALS

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We just wanted to say thanks for your work in helping us get back some of the money we lost. We are not by any means rich, but we have saved some money and we have done so through a tight-fisted approach to most everything we do. So losing a significant chunk of money hurt…especially at a time when everyone else was growing their accounts. We really appreciate the work you did.

Allan and Adele

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