Erez Law is currently investigating Morgan Stanley on behalf of its former brokers, who are owed unpaid compensation after terminating employment with the firm.
According to public records, a group of former Morgan Stanley financial advisors was awarded $3 million in collective damages through a FINRA arbitration claim. FINRA determined that Morgan Stanley had improperly withheld their deferred compensation payments, ranging from $70,000 to $600,000.
Morgan Stanley’s deferred compensation program is said to be subject to the regulations of the Employee Retirement Income Security Act (ERISA).
Brokers are encouraged to arbitrate their claims, asserting that the firm unlawfully withheld certain deferred compensation payments when they left the company.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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