Morgan Stanley liable for trading Apple stock without customer’s consent
The three-person, all-public panel awarded the investor $640,747, mostly in compensatory damages, but denied punitive damages, according to a Finra arbitration award.
Finra arbitrators ordered Morgan Stanley & Co. to pay $640,747 to an investor for selling her Apple Inc. stock without her consent.
The three-person all-public Financial Industry Regulatory Authority Inc. arbitration panel found Morgan Stanley liable for unauthorized trading, according to an
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