FINRA Arbitration Panel Orders Morgan Stanley to Pay $519K for Client Losses Timothy J. Prouty A couple from New Mexico claiming that a Morgan Stanley financial advisor, Timothy J. Prouty, persuaded them to buy complex financial instruments were awarded $519,089, plus interest by a FINRA Arbitration Panel. In 2016, a couple alleged that Morgan Stanley’s […]

FINRA Rogue Broker Rule

As part of its crackdown on rogue brokers, the Financial Industry Regulatory Authority Inc. has identified 61 firms that would face restrictions under a newly proposed FINRA rule. https://www.investmentnews.com/article/20190515/FREE/190519952/finra-rogue-broker-rule-would-affect-61-firms