A former Morgan Stanley Oregon-based advisor has prevailed in a legal battle over a temporary restraining order (TRO), which restricted him from soliciting former clients at his new firm.
After firing Robert Sevcik in July, Morgan Stanley has filed for a temporary restraining order (TRO) against the Oregon-based advisor as part of the firm’s investigation into the miscoding of production numbers on inherited accounts.
A UBS advisor, Michael Crotty, has agreed to an order preventing him from soliciting former clients at Morgan Stanley, according to a preliminary injunction filed in New Jersey federal court.
A Financial Industry Regulatory Authority (FINRA) arbitrator granted Boston-based Morgan Stanley advisor, Ilan Segev, an expungement from his record of a claim filed by a former client.
According to an internal memo, Morgan Stanley Wealth Management is tightening its order entry process in an effort to restrict advisors from altering production numbers on trades.
According to sources, Morgan Stanley has fired another advisor amid the company’s inherited account coding issues as ex-Morgan Stanley advisors continue to join new firms.
According to court filings, a New York-based Morgan Stanley team has agreed to a customer solicitation ban after leaving UBS Wealth Management in April.
Lance Lienart, a 24-year industry veteran, was discharged from Morgan Stanley over concerns about inaccurate expense report filings.
Matthew Shafer filed a proposed class action targeting Morgan Stanley’s withholding of deferred compensation.
The Financial Industry Regulatory Authority (FINRA) has suspended Steven Melen for four months and fined him $7,500 for failure to disclose his beachfront rental property in Panama.
Thank You from the bottom of our hearts for all you have done for us. When we realized this was a very bad investment - we did not know where to turn for help. Then we received your name. When we called you - you were so kind to us and then agreed to help us. For
The Financial Industry Regulatory Authority (FINRA) has suspended and fined a former LPL advisor who allegedly completed 22 trades on behalf of a client without obtaining written consent. FINRA has issued a $5,000 fine and has suspended Michael Hartlett for 10 days.
A former RBC Wealth Management advisor lost his bid to reverse an industry bar, according to an appellate decision issued by the Financial Industry Regulatory Authority (FINRA).
While online trading platforms have surged in popularity during the pandemic, brokerage firms view self-directed investors as a source of new clients.
