Morgan Stanley broker Sally Weger (CRD# 2591057) faces customer complaints for investment losses. She has been registered with Morgan Stanley in Palm Beach Gardens, Florida, since 2011.
Sally Weger Customer Complaints
She has been the subject of six customer complaints between 2001 and 2023, two of which were closed without action and one was denied, according to her CRD report. The most recent complaints were regarding:
June 2023. “Claimant alleges that FA team knowingly permitted her ex-husband to withdraw more funds from his IRA each year than was permitted as part of divorce agreement – 2015 – 2018.” The customer sought $2,681,669 in damages, and the case was settled for $350,000. The complaint was regarding a self-directed, non-managed fee-based account.
April 2023. “Claimant alleges, inter alia, breach of fiduciary duty with respect to transfer of death designation added to the client’s account.” The customer sought $4,000,000 in damages, and the case was settled for $130,000. The complaint was regarding a self-directed, non-managed fee-based account and a non-broker-dealer affiliate product.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Morgan Stanley may be liable for investment or other losses suffered by Sally Weger’s customers.
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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