Finra has penalized a former Morgan Stanley advisor for allegedly inflating clients’ net worth in order to circumvent the firm’s rules about how much of a client’s portfolios can go into non-investment-grade fixed-income securities.

1. Finra Suspends Ex-Morgan Stanley Advisor for Allegedly Inflating Client Assets  Barron’s
2. Finra Raps Ex-Morgan Stanley Broker for Circumventing Sales Limits  AdvisorHub
3. Ex-Morgan Stanley Rep Inflated Clients’ Net Worth, FINRA Says  ThinkAdvisor
4. FINRA Settles Enforcement Proceeding Against Firm’s AML Compliance Officer for Alleged Failure to Implement AML Program  Lexology
5. Ex-Morgan Stanley FA Suspended Over Client’s Inflated Net Worth  Financial Advisor IQ