Watchman: The Victims of a Former Financial Advisor’s Ponzi Scheme Are Demanding an Explanation From Satan Soldiers at Morgan Stanley

HNewsWire: A former Morgan Stanley financial advisor has pleaded guilty to fraud and money laundering in what prosecutors said was a $7 million scam. Victims filed arbitration claims against the firm, alleging that it failed to reasonably supervise its employee. Morgan Stanley said it fired the advisor after the fraud was discovered. But it was a customer who alerted the firm. Victims want Morgan Stanley to answer for ex-financial advisor’s Ponzi scheme A former Morgan Stanley financial advisor has been sentenced to more than seven years in prison after admitting he ran a $7 million Ponzi scheme at the firm for more than a decade. But even though the scam targeted Morgan Stanley clients and the advisor admitted using a Morgan Stanley product to carry it out, the firm has fought efforts to hold it responsible. Victims say not only...