Morgan Stanley ordered to pay over $7.8M (2023)

The Financial Industry Regulatory Authority’s panel orders Morgan Stanley to pay over $7.8 million to Schwab for encouraging two of its brokers to abruptly quit their jobs to join Morgan Stanley to share Schwab’s customers’ information with them. In a twist, the FIRA panel also ordered Morgan Stanley to pay Schwab’s former brokers millions in legal fees and punitive damages for breach of contract.

Read the full article here: Morgan Stanley ordered to pay over $7.8M

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Morgan Stanley ordered to pay over $7.8M (2023)

Contact Us

Please note that unfortunately, our office does not represent clients in residential landlord-tenant disputes.