Tagged with "Morgan Stanley"

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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Affidavit of Merit Received in Eccleston Law’s $25 Million Legal Malpractice Action

Posted on April 1st, 2021 at 9:36 AM
Affidavit of Merit Received in Eccleston Law’s $25 Million Legal Malpractice Action

Affidavit of Merit Received in Eccleston Law’s $25 Million Legal Malpractice Action On Behalf of Transitioning Morgan Stanley Advisors Who Retained Michael Taaffe and the Shumaker Loop Firm

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Former Morgan Stanley Advisor Sentenced to 5 Years for Fraud

Posted on April 1st, 2021 at 9:34 AM
Former Morgan Stanley Advisor Sentenced to 5 Years for Fraud

Michael Barry Carter is going to prison after stealing at least $6.15 million from clients to fund his lifestyle.

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FINRA Suspends Former Morgan Stanley Advisor Over Expense Account Submissions

Posted on March 22nd, 2021 at 2:23 PM
FINRA Suspends Former Morgan Stanley Advisor Over Expense Account Submissions

The Financial Industry Regulatory Authority (FINRA) sanctioned Kerry Moy with a $5,000 fine and two-month suspension related to resolve  allegations of inaccurate expense account submissions.

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