Arb case pits Morgan Stanley against NFL rusher Adrian Peterson

Now 20 years old, the NFLPA adviser program has been steadily increasing its professionalism and depth of choices

The potential Hall of Famer claims his broker gave him misleading investment advice

Washington Redskins running back Adrian Peterson has taken Morgan Stanley Wealth Management to arbitration over a dispute with his Morgan Stanley adviser, according to published reports.

Mr. Peterson, 34, who is halfway through a two-year, $8 million contract with the Redskins and has earned an estimated $100 million during his 12-year NFL career, reportedly is arguing that he was mislead and misinformed about an investment opportunity sold to him by a Morgan Stanley broker.

No further details were available because the arbitration case has not yet been made public, and Mr. Peterson’s attorney declined to comment.

A Morgan Stanley representative responded to a request for comment on the arbitration case with the following comment: “We are defending against these claims, which we believe are without merit.”

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