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

Return to Archive



I have the best legal firm in the country to defend me. Awesome job!

Cindy C.


January 25, 2022
Top FINRA Initiatives For 2022

A host of new initiatives are ahead in 2022 at the Financial Industry Regulatory Authority (FINRA), according to CEO Robert Cook.

January 24, 2022
FINRA Set To Issue Crypto Notice And Consider Expungement Reform

The Financial Industry Regulatory Authority (FINRA) is set to issue a regulatory notice pertaining to cryptocurrency as well as expungement reform.

January 21, 2022
CFP Board Establishes New Appeals Commission

The Certified Financial Planner (CFP) Board of Standards has established a new Appeals Commission. As the name suggests, the Appeals Commission possesses the sole authority to adjudicate appeal hearings.