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Broker claws back $1.2 million from Morgan Stanley in ‘significant’ promissory note case

Ex-Morgan Stanley broker now only has to pay about half of $2.9 million he was originally ordered to pay by Finra arbitrators.

Finra arbitrators cut by almost half a $2.9 million claim by Morgan Stanley against a broker for allegedly failing to pay back a loan from the firm.
A Financial Industry Regulatory Authority Inc. arbitration panel recently ruled that Matthew Joseph Celenza, a former Morgan Stanley broker, must pay t

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