Hosted on MSN26d
'How Vulnerable Senior Investors Are': Morgan Stanley Was Ordered to Pay $843,000 to an Elderly Widow Who Was Scammed Out of Millions (and Not By Them)
Barron's reports that Morgan Stanley was found liable for negligence by the arbitration panel for allowing the victim, Marjorie Kessler, to make two "large and unusual" withdrawals from her accounts.
Barron's26d
An Elderly Widow Got Scammed by Imposters. Now Morgan Stanley Must Pay Her $843,000.
An arbitration panel has found Morgan Stanley liable for negligence and ordered it to pay $843,000 to resolve allegations that it enabled an elderly investor to fall prey to a scam that cost her ...
Barron's9d
Here’s Why Morgan Stanley Is Trying to Appeal a Court Ruling It Won
Welcome to Barron's Advisor! Our articles are free to Barron's subscribers and wealth management professionals. To subscribe to Barron's, click here. If you're a wealth managment professional and ...
Barron's7d
Former Morgan Stanley Advisor Sentenced to Prison for Defrauding Elderly Client
A former Morgan Stanley advisor has been sentenced to 22 months in prison for defrauding an elderly client, siphoning hundreds of thousands of dollars from the victim’s account that he used for ...
Barron's16d
Is There a Doctor in the House? At Morgan Stanley, the Answer Is Yes.
The Morgan Stanley private wealth advisor didn’t have the expertise to help the client, but she knew who would: Dr. Kim.
Barron's27d
Morgan Stanley’s Hollis Montgomery: How Going on Maternity Leave Benefited My Practice
In the wealth management industry, no one likes to talk about maternity leave, asserts 32-year-old Hollis Montgomery, a Morgan Stanley financial advisor in Atlanta. “But I’m sort of the one ...