Tagged with "Morgan Stanley"

FINRA Fines Morgan Stanley $10 Million for Anti-Money Laundering Supervisory Failures

Posted on January 2nd, 2019 at 5:08 PM
FINRA Fines Morgan Stanley $10 Million for Anti-Money Laundering Supervisory Failures

FINRA has fined Morgan Stanley Smith Barney $10 million for anti-money laundering program failures under the Bank Secrecy Act and for its failure to comply with Section 5 of the Securities Act of 1933.

Read More »

Morgan Stanley Agrees to Pay the New Hampshire Bureau of Securities Regulation $1 Million to Settle Churning Allegations by an Ex-Broker

Posted on December 21st, 2018 at 9:44 AM
Morgan Stanley Agrees to Pay the New Hampshire Bureau of Securities Regulation $1 Million to Settle Churning Allegations by an Ex-Broker

Morgan Stanley and the New Hampshire Bureau of Securities Regulation have reached a $983,000 settlement agreement stemming from allegations of the firm's failure to supervise ex-broker, Justin Amaral for excessive trading and other unauthorized activities in three client accounts.

Read More »

Independent Broker-Dealers Continue to Register Large Asset Growth

Posted on December 12th, 2018 at 10:08 AM
Independent Broker-Dealers Continue to Register Large Asset Growth

According to a recent report issued by industry consultant Cerulli; independent broker-dealers (IBDs) have posted the highest compound annual growth rate in the last five years in comparison to any other type of broker-dealer.

Read More »

UBS and Morgan Stanley’s Decision to Leave the Protocol for Broker Recruiting Has Paid Off for Them

Posted on December 6th, 2018 at 9:37 AM
UBS and Morgan Stanley’s Decision to Leave the Protocol for Broker Recruiting Has Paid Off for Them

Since UBS and Morgan Stanley’s decision to pull out of the Protocol for Broker Recruiting last year, the number of advisors departing those firms appears to have slowed. This is good news for Morgan Stanley and UBS which want to reduce recruiting costs and instead focus on the growth of their advisors’ book of business through investments in technology.

Read More »

Morgan Stanley Remodels Offices in an Effort to Roll Out Tech-Friendly Workspaces

Posted on November 8th, 2018 at 12:00 PM
Morgan Stanley Remodels Offices in an Effort to Roll Out Tech-Friendly Workspaces

Morgan Stanley has announced that approximately 1.2 million square feet (111,000 square meters) of office space will get an overhaul in the next 15 months as a result of changes in how its brokers, traders, and bankers interact with the technological side of the company.

Read More »

Federal Court Upholds FINRA Prom Note Arbitration Award Against Rep

Posted on October 24th, 2018 at 10:02 AM

A former Morgan Stanley advisor’s petition to vacate a FINRA forgivable loan arbitration award for $1.4 million was denied by a federal judge in New York.  

Read More »

How Does a Temporary Restraining Order (TRO) Impact Your Business?

Posted on October 23rd, 2018 at 10:04 AM
How Does a Temporary Restraining Order (TRO) Impact Your Business?

A Temporary Restraining Order (TRO) is an extreme remedy that financial services firms frequently employ to stop advisors from transitioning their clients to a new firm. While the TRO requires the parties in the case to maintain a certain status quo until the court can hear further evidence, the delay overwhelmingly harms the departing advisor. In many respects, the TRO fight is not the battle; instead, it is the very war itself.

Read More »

Morgan Stanley Files Lawsuit Against a Team of Financial Advisers

Posted on September 21st, 2018 at 4:26 PM

Morgan Stanley has filed a lawsuit in Illinois federal court against six financial advisers who previously managed $660 million for the firm and left this month to join Stifel Nicolaus & Co.

Read More »

Morgan Stanley Attempts to Compel Terminated Advisor into Arbitration for the Third Time

Posted on September 10th, 2018 at 5:04 PM

According to a recent court filing, Morgan Stanley is attempting for the third time to force private arbitration against a former advisor who filed a wrongful termination lawsuit against the firm last December in New Jersey federal court.

Read More »

Morgan Stanley Drops Out of the Protocol for Broker Recruiting

Posted on November 3rd, 2017 at 3:24 PM
 Morgan Stanley Drops Out of the Protocol for Broker Recruiting

Morgan Stanley has announced that it has pulled out of the Protocol for Broker Recruiting (“Protocol”) and thereafter any broker moving to another firm will be subject to its one-year non-solicitation agreement.

Read More »

TESTIMONIALS

Previous
Next

Fantastic news!!!!  Your professionalism, support and expertise were greatly appreciated.  You made a difficult situation much more bearable.

Marci M.

LATEST NEWS AND ARTICLES

April 1, 2025
CFP Board Releases AI Ethics Guide for Its Certificants

The CFP Board has released a "Generative AI Ethics Guide" to address the growing use of artificial intelligence in financial advising.

April 1, 2025
BrokerCheck Report: Examining Customer Disputes Against Centaurus Financial, Inc. Broker Troy N. Tremblay

Troy N. Tremblay (CRD #4625407) of Centaurus Financial, Inc. (doing business as Tremblay Financial Services), has or has had three customer disputes, according to his BrokerCheck report.

April 1, 2025
A Look at Regulatory Events and Customer Allegations Against Stifel, Nicolaus & Company Inc. Broker Chuck A. Roberts

Chuck A. Roberts (CRD #2064602), currently registered with Stifel, Nicolaus & Company Incorporated, has or has had two regulatory events and twenty-five customer disputes over the course of his career in the financial services industry.