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Morgan Stanley

Broker Barred for Borrowing $300k from Clients

By Tom Costello of Costello Law Group  A former Morgan Stanley broker, Jeffrey Hunter Smith, was barred from the securities industry by FINRA for borrowing money from clients. Smith was registered with Morgan Stanley from 2009 to 2015. During his time there, Smith borrowed $300,000 from two clients without any written approval or […]

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A statement of claim was filed against Morgan Stanley

By Tom Costello of Costello Law Group  A couple in North Carolina recently filed a statement of claim against Morgan Stanley due to investment losses in an energy investment named Morgan Stanley Cushing MLP High Income ETN. The couple are claiming that they lost over $100,000 of the $150,000 they had invested. This […]

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Raymond James Broker Allegedly Attempts to Swindle $1.8 million from Client’s Estate

By Tom Costello of Costello Law Group posted in Securities on Tuesday, October 6, 2015. FINRA has filed a complaint against a former UBS and Morgan Stanley financial advisor named John Waszolek. The basis of the complaint is FINRA’s belief that Waszolek took advantage of an elderly client, with an Alzheimer’s diagnosis, by having the client […]

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Morgan Stanley Facing $400 Million Claim after Advisor has Affair with Client

By Tom Costello of Costello Law Group  Morgan Stanley advisor Ami Forte is accused of having an affair with the now deceased co-founder of the Home Shopping Network, Roy Speer. According to Mr. Speer’s widow, at the time of his death, her husband was both physically and mentally impaired. He was wheelchair bound […]

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