The Financial Industry Regulatory Authority Inc. ("FINRA") recently barred a former Morgan Stanley broker from the brokerage industry for refusing to hand over requested documents and information around his alleged theft of client money.
Tagged with "Morgan Stanley"
Page 1 of 5
FINRA Bars Former Morgan Stanley Broker For Refusing to Furnish Documents
Posted on September 27th, 2019 at 4:49 PM
Georgia Court Ruling Sure to Cause Reps to Quickly Move Assets upon Resignation
Posted on June 27th, 2019 at 3:07 PM
A Georgia court judge has granted Morgan’s Stanley a request to prevent a runaway broker from contacting former customers. However, the court’s ruling will allow the broker to work with immediate family members and customers who already signed account transfer forms.
Advisors bolt, Morgan Stanley sues. Is this the 'new normal'?
Posted on June 13th, 2019 at 1:35 PM
Morgan Stanley has been busy in court lately, recently suing two advisors who left for rival firms over non-solicitation violations in what experts predict will be a familiar pattern for the foreseeable future.
E*Trade Loses Effort To Prevent Its Former Broker to Take Customer-Contact Information
Posted on May 17th, 2019 at 5:12 PM
A California federal judge turned down E*Trade Financial’s request to block a broker, who moved to Morgan Stanley, from contacting his former clients.
Morgan Stanley Investment Bankers Collect Millions in Fees from Uber IPO as Clients Face Losses
Posted on May 15th, 2019 at 4:40 PM
Underwriters from Morgan Stanley and Goldman Sachs will collect millions of dollars in fees from clients who had invested in Uber’s initial public offering (IPO) last week. Nevertheless, the clients who had invested in Uber’s IPO are now facing large losses.
HighTower Advisors to Exit Broker Protocol
Posted on May 14th, 2019 at 4:02 PM
HighTower Advisors has announced that the $50 billion RIA will exit the Broker Protocol. HighTower’s exit follows the departure of Morgan Stanley and then UBS in late 2017.
Sued by Schwab, axed by Morgan Stanley: A $750M team’s troubled career move
Posted on April 25th, 2019 at 4:32 PM
A rough four weeks for a $750 million team ended with the advisors out of a job and barred from soliciting their clients.
Morgan Stanley Terminates Newly Acquired Team Accused of Violating Their Employment Contracts with Charles Schwab
Posted on April 18th, 2019 at 5:21 PM
In a strange twist, Morgan Stanley has terminated a veteran team of investment advisers that who acquired less than three weeks ago from Charles Schwab & Co. Morgan Stanley parted ways with the newly hired team of advisers after they received a temporary restraining order (TRO) and preliminary injunction from their former firm, Charles Schwab.
FINRA Bars Former Morgan Stanley Broker for Failing to Cooperate in an Investigation Regarding His Outside Business Activities
Posted on April 18th, 2019 at 3:16 PM
FINRA has barred Denver, Colorado broker, Daniel Todd Levine for failing to cooperate in an investigation regarding allegations that he engaged in undisclosed outside business activities while working at Morgan Stanley.
Merrill Lynch to Expand 401(k) Fiduciary Services
Posted on April 11th, 2019 at 4:47 PM
Merrill Lynch has announced that it will expand fiduciary services for 401(k) clients by allowing more financial advisors to manage retirement plan menus on a discretionary basis
Page 1 of 5