Former Morgan Stanley Advisor Sued for Breaching Protocol

Posted on March 18th, 2015 at 5:08 PM
Former Morgan Stanley Advisor Sued for Breaching Protocol

From the Desk of Jim Eccleston at Eccleston Law LLC:

A former advisor and his sales assistant have been sued by Morgan Stanley for allegedly altering client records before they transferred customer accounts to Ameriprise Financial.

John McCallion and Tricia Macaluso altered telephone numbers in the company’s computer system in order to hinder his clientele before leaving Ameriprise. If true, this is a breach of the recruiting protocol. In order for the protections of the protocol to apply, brokers must carefully follow certain procedures.

The attorneys of Eccleston Law LLC represent investors and advisers nationwide in securities and employment matters. Our attorneys draw on a combined experience of nearly 65 years in delivering the highest quality legal services.

Related Attorneys: James J. Eccleston

Tags: James Eccleston, Jim Eccleston, Eccleston Law Offices, Morgan Stanley, Broker Protocol

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