Stockbroker Law - Friday, May 29, 2020
Morgan Stanley Smith Barney Agrees to $5,000,000 Settlement Fund to Benefit Harmed Investors

Morgan Stanley Smith Barney Agrees to $5,000,000 Settlement Fund to Benefit Harmed Investors

In a release dated May 12, 2020, the Securities Exchange Commission announced that Morgan Stanley Smith Barney agreed to settle charges that it provided misleading information to clients in its Retail Wrap Fee Programs regarding trade execution services and transaction costs.  A recent Order of the SEC has created what is known as the Fair Fund, with the sum of $5,000,000 being set aside to pay investors in Morgan Stanley Smith Barney who have been harmed by alleged misleading information associated with Morgan Stanley Smith Barney’s Retail Wrap Fee Programs regarding trade execution services and transactions costs.

Are you a Morgan Stanley Smith Barney investor who has been harmed by the firm’s provision of misleading information regarding its Wrap Fee Programs relating to trade execution services and transaction costs?  We offer a free initial consultation to victimized investors.  For an appointment, contact the Law Offices of Timothy J. O’Connor at (518) 426-7700.


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