Tagged with "Morgan Stanley"

Morgan Stanley Fails to Halt Oregon Advisor from Soliciting Former Clients

Posted on August 19th, 2021 at 2:44 PM
Morgan Stanley Fails to Halt Oregon Advisor from Soliciting Former Clients

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.

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Morgan Stanley Files Suit Against Oregon Advisor Over Inherited Account Issue

Posted on August 10th, 2021 at 2:32 PM
Morgan Stanley Files Suit Against Oregon Advisor Over Inherited Account Issue

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.

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UBS Advisor, Sued By Morgan Stanley, Agrees to Customer Solicitation Ban

Posted on July 29th, 2021 at 2:18 PM
UBS Advisor, Sued By Morgan Stanley, Agrees to Customer Solicitation Ban

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.

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Morgan Stanley Advisor Granted Expungement of Claim Filed by High-Net-Worth Client

Posted on July 26th, 2021 at 2:40 PM
Morgan Stanley Advisor Granted Expungement of Claim Filed by High-Net-Worth Client

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.

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Morgan Stanley Updates Order Entry Process Amid Dilemma Over Miscoded Trades

Posted on June 28th, 2021 at 1:40 PM
Morgan Stanley Updates Order Entry Process Amid Dilemma Over Miscoded Trades

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.

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Morgan Stanley Terminates Additional Advisor Over Inherited Accounts

Posted on May 25th, 2021 at 3:07 PM
Morgan Stanley Terminates Additional Advisor Over Inherited Accounts

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.

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Morgan Stanley Team Concedes to Injunction After Leaving UBS

Posted on May 18th, 2021 at 1:29 PM
Morgan Stanley Team Concedes to Injunction After Leaving UBS

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.

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FINRA Sanctions Former Morgan Stanley Advisor Over Alleged Expense Abuses

Posted on May 14th, 2021 at 9:21 AM
FINRA Sanctions Former Morgan Stanley Advisor Over Alleged Expense Abuses

Lance Lienart, a 24-year industry veteran, was discharged from Morgan Stanley over concerns about inaccurate expense report filings.

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Former Morgan Stanley Advisor Battling to Keep Deferred Compensation Suit in Court

Posted on May 13th, 2021 at 3:27 PM
Former Morgan Stanley Advisor Battling to Keep Deferred Compensation Suit in Court

Matthew Shafer filed a proposed class action targeting Morgan Stanley’s withholding of deferred compensation.

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FINRA Suspends Former Morgan Stanley Advisor Who Failed to Disclose Rental Property

Posted on May 6th, 2021 at 9:25 AM
FINRA Suspends Former Morgan Stanley Advisor Who Failed to Disclose Rental Property

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.

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TESTIMONIALS

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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 this we are so very grateful. The world would be a much nicer place if there were more people like the two of you in it. We will always remember all the help and kindness you have shown us. Thank you so very very much for everything.

Wayne and Judy S.

LATEST NEWS AND ARTICLES

October 27, 2021
Former LPL Advisor Suspended For Completing 22 Trades Absent Client Consent

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.

October 26, 2021
Former Advisor Fails To Reverse Bar After Alleged $1 Million Theft From RBC

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).

October 25, 2021
Firms Walk Thin Regulatory Line In Referring Self-Directed Clients To Advisors

While online trading platforms have surged in popularity during the pandemic, brokerage firms view self-directed investors as a source of new clients.