Displaying 202 results
Morgan Stanley adds advisers during pandemic
The wirehouse reports a net increase of 70 advisers during the summer, despite COVID-19
Court upholding $6 million award against Credit Suisse could bolster clawbacks
Arbitration lawyer says decision sends signal to ‘Wall Street bullies’; Credit Suisse points to wins in other cases
SEC charges former Morgan Stanley rep with stealing $6 million from clients
Michael Barry Carter pleads guilty in a parallel criminal action in Maryland federal court
Morgan Stanley denies report that it plans independent platform for advisers
Report states the wirehouse is contemplating a move to independence for some advisers
SEC puts pressure on fee transparency in increasingly complex wrap accounts
The regulator often includes the fees among its annual examination priorities, however they were not on the list this year
Morgan Stanley hit with $5 million penalty for misleading clients in wrap account program
The SEC charged the wirehouse with not fully disclosing fees for five years
Morgan Stanley fined $225,000 over questionable muni bond trades
SEC: Firm was swapping bonds for clients with no alleged benefit to the customer.
Morgan Stanley sees massive growth from giant teams of advisers
Andy Saperstein expects some teams to reach $100 million in annual revenue in the future.
Couple in Morgan Stanley advisory account wins $519,000 arb case over unsuitable investments
Plaintiff's lawyer says junk bonds, futures contracts and derivatives were inappropriate for his clients.
Second financial adviser identified as part of college admissions scandal
Morgan Stanley terminated Michael Wu in March after he did not cooperate with the firm's investigation.
Ameriprise Financial signs on $444 million team from FSC Securities
Dale Cebert, a former Morgan Stanley broker who won an arbitration case against the firm, heads the seven-person team in Florida.
Morgan Stanley case shows how firms smear departing brokers
Even when Finra arbitrators decide that a firm reported inaccurately on a broker's dismissal, they rarely award monetary damages.
Georgia decision on broker protocol could have wide impact
How will the four wirehouses react to this news?
Finra: Morgan Stanley must pay Schwab $1.2 million over broker recruiting violation
Arbitrators rule that Morgan Stanley violated trade secrets by "maliciously and willfully" appropriating a Schwab client list.
It’s time to speak up about sexual harassment in the workplace
We are kidding ourselves if we think it doesn't happen in the financial advice profession, if we think we are somehow different from testosterone-driven Hollywood, the technology industry or even the broader financial services industry.
Finra orders Morgan Stanley to return $200,000 in variable annuity sale
Arbitration panel says prospectus, fees may not have been sufficiently revealed beforehand
Morgan Stanley reaches $1 million settlement with Massachusetts over high-pressure sales contest
The contest involved persuading customers to take out securities-based loans in which they borrowed against the value of their portfolios.
Morgan Stanley loses $250 million team to Raymond James
Raymond James picks up The Broadview Group amid its broader recruitment success this year.
Finra suspends ex-Morgan Stanley client administrator for fraudulent wire transfer
Debra J. Ferrara agreed to be fined and suspended for releasing funds after a client's email account was hacked.
Savant targeting acquisitions after attracting $50M to buy out co-founder
RIA anticipates growing to $50B in assets with seed money from the likes of Ron Carson, Charlie Johnston and others.
