A Portland, Oregon, Financial Industry Regulatory (FINRA) arbitration panel has found Morgan Stanley liable regarding an investor’s claims of making unsuitable investments, misrepresentation and omissions.
The award, which was rendered on July 24, included nearly $40,000 in compensatory damages plus 9% interest, $39,000 in claimant’s attorney fees and $4,200 in arbitration filing and hearing fees.
The case is Arbitration No. 08-03307.