Author Archives: Jay Butchko
Morgan Stanley Loses $843,000 Investor Claim Stemming from ‘Gold Bar’ Scam
Investment News February 11, 2025 By Bruce Kelly An elderly Morgan Stanley client in Florida who fell prey to a so-called “gold bar” scam won $843,000 in damages on Monday from the firm after she claimed it failed to follow industry rules designed to protect senior investors. Marjorie Kessler, 76, claimed last year that Morgan Stanley violated two industry… Read More »
Merrill Lynch Loses $2-Mln Puerto Rico Bond Dispute with Ex-MLB Outfielder
Source: AdvisorHub By Vicky Ge Huang A NASD arbitration panel has ordered Merrill Lynch to pay former Major League outfielder Ángel Pagán and his wife more than $2 million for investing them in “unsuitably high concentrations” of Puerto Rico municipal bonds and closed-end bond funds. The award, which a NASD spokeswoman said is the… Read More »