Retired Inventor Files $1m FINRA Arbitration Claim Against Morgan Stanley

[kreslik.news]

A retired inventor suffering from health issues has filed an arbitration claim against Morgan Stanley, alleging that it failed to adequately supervise its financial advisor’s handling of his multi-million dollar account, according to the law firm representing him.

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Florida-based law firm Vernon Litigation Group filed the claim with the Financial Industry Regulatory Authority (FINRA), alleging lack of supervision, negligence and breach of fiduciary, excessive and unauthorized trading, significant tax liability and fraudulent inducement, according to a statement released Thursday.

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