Morgan Stanley & Co Securities Attorneys

Gana LLP represents clients in investment disputes with brokerage firms, such as Morgan Stanley, due to the firm’s misconduct. Our firm can analyze your accounts and investment losses as well as the applicable law to hold the right party accountable. Many of our clients come to us after having been sold a novel investment product that is only appropriate for a small band of investors. Other clients have been placed in investments that are inappropriate for the client’s needs. Finally, some clients have been the victims of various frauds including unauthorized trading, excessive trading, or have been misled into purchasing investments.

Morgan Stanley is international financial services corporation headquartered in the Morgan Stanley Building in New York City. Morgan Stanley operates in 42 countries, has over 1,300 offices, and employs over 60,000 employees. Morgan Stanley was formed by J.P. Morgan & Co. partners Henry S. Morgan, the grandson of J.P. Morgan and Harold Stanley in the 1930s.

Over the years, Morgan Stanley has acquired a number of other financial companies. In 1996, Morgan Stanley acquired Van Kampen. In 1997, Morgan Stanley merged with Dean Witter Reynolds and also Discover & Co. Thereafter, in January 2009, Morgan Stanley’s Global Wealth Management Group merged with Citibank’s Smith Barney to form the joint venture Morgan Stanley Smith Barney.

Morgan Stanley – By the Numbers:

  • CRD# 8209
  • SEC# 8-15869
  • 335 Regulatory Events
  • 49 Customer Complaints
  • Revenue: $36.84 billion – 2013
  • Net income: $3.029 billion – 2013
  • Total assets: $780.96 billion – 2013

Morgan Stanley – In the News:

In re Morgan Stanley, Docket No. 12-015-B-HC – The Federal Reserve Board announced a Consent Order against Morgan Stanley to address a pattern of misconduct and negligence in residential mortgage loan servicing and foreclosure processing through its subsidiary, Saxon Mortgage Services, Inc.

In the Matter of Morgan Stanley & Co. LLC, Respondent (AWC 20090181611, May 1, 2012). – The FINRA AWC alleges that Morgan Stanley customers held non-traditional ETFs for extended time periods contrary to the funds’ objectives from January 2008 through June 2009. FINRA also alleged that Morgan Stanley customers with a primary investment objective of income held non-traditional ETFs for periods of several months.

U.S. v. Morgan Stanley, U.S. District Court, Southern District of New York, No. 11-06875. - Morgan Stanley settled a $4.8 million with the U.S. Department of Justice over electricity price-fixing charges estimated to have cost New York consumers about $300 million. The case involved the electricity generator KeySpan Corp, and alleged that Morgan Stanley used derivatives to foster anticompetitive behavior. According to the complaint, Morgan Stanley entered a swap agreement with KeySpan in 2006 that the government claimed allowed KeySpan to withhold substantial electricity generating capacity from the market, driving prices higher, and generating $21.6 million for Morgan Stanley.

The law offices of Gana LLP has successfully resolved hundreds of securities arbitrations. We represent individuals and institutions throughout the United States in disputes with their brokerage firm and financial advisors. Our attorneys can help you detect and uncover suspicious activity in your accounts. Our consultations are free of charge and the firm is only compensated if you recover.