FINRA Arbitration Panel Orders Morgan Stanley To Pay Senior Investor $843,000 For Its Role In Causing Investor To Suffer Investment Losses From A Gold Bar Scam
On February 10, 2025, a public FINRA Arbitration Panel ordered Morgan Stanley to pay a senior investor controlling a marital trust, life insurance trust, and residuary trust $843,000 for Morgan Stanley’s contribution to elder financial exploitation and abuse in the investor’s accounts. According to the filings, external fraudsters...
FINRA Arbitration Panel Orders Morgan Stanley To Pay Senior Investor $843,000 For Its Role In Causing Investor To Suffer Investment Losses From A Gold Bar Scam Continue reading…FINRA’s Top Investment Fraud Threats For Investors In 2025
On January 28, 2025, FINRA released its annual regulatory oversight report (the “Report”). Among other things, the Report flagged two types of financial products that have impacted public investors within the statutory limits for filing FINRA Arbitration claims: (i) Small Cap Initial Public Offerings (“IPOs”); and (ii) Registered...
FINRA’s Top Investment Fraud Threats For Investors In 2025 Continue reading…FINRA Arbitration Panel Orders Wells Fargo And Financial Advisor Stephen L. Smith To Pay Estate Of Deceased Investor $3.4 Million For Failing To Safeguard Against Elder Financial Exploitation And Abuse
On December 26, 2024, a public FINRA Arbitration Panel awarded an estate of a deceased investor close to $3.4 million for Wells Fargo’s failure to identify and respond to elder financial exploitation and abuse. According to the filings, the deceased investor’s nieces improperly convinced the investor to transfer...
FINRA Arbitration Panel Orders Wells Fargo And Financial Advisor Stephen L. Smith To Pay Estate Of Deceased Investor $3.4 Million For Failing To Safeguard Against Elder Financial Exploitation And Abuse Continue reading…