Articles Tagged with Elder Financial Exploitation Lawyers

Morgan Stanley Ordered To Pay Elderly Investor $843K. FINRA Arbitration Panel Says  Broker-Dealer Neglected To Protect Senior Scam Victim

A Financial Industry Regulatory Authority (FINRA) arbitration panel recently ordered Morgan Stanley to pay an elderly Florida widow $843,000 in compensatory damages after she fell victim to financial scammers. According to the ruling, the broker-dealer was negligent and should be held liable.

The claimant accused Morgan Stanley of breach of fiduciary duty, breach of contract, and breach of care owed to a senior investor when it allegedly did not protect her from fraudsters. This 75-year-old sustained nearly $1.75M in losses from what her broker negligence lawsuit contends was a “clear breach” of securities industry standards meant to protect older investors.