The White Law Group

Morgan Stanley
Tag Archive

• SEC investigation of William Keith Phillips (former Morgan Stanley financial advisor in Nashville, Tennessee) regarding possible securities fraud violations.

  January 12, 2010 Comments (0) Blog, Securities Fraud

  On January 4, 2009, the Securities Exchange Commission (SEC) announced the settlement of the matter instituted against William Keith Phillips on July 20, 2009. Pursuant to the settlement, the Commission issued an Order Making Findings and Imposing Remedial Sanctions and a Cease-and-Desist Order pursuant to Sections

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• FINRA Panel Bars New Jersey Broker John Mullins for Misappropriating Funds From 97-Year-Old Widow's Charitable Foundation

  September 16, 2009 Comments (0) Blog, Securities Fraud

  On September 15, 2009, FINRA announced that a Financial Industry Regulatory Authority (FINRA) Hearing Panel has barred John Edward Mullins a former registered representative with Morgan Stanley DW, Inc. (now known as Morgan Stanley Smith Barney, LLC) for misappropriating $11,156.47 from the charitable foundation of a

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• Magistrate Judge Tells Texas Court that Citigroup Global Markets Holding Inc. Should Not Be Denied Arbitration Award for Unpaid Promissory Note (Forgivable Loan)

  September 15, 2009 Comments (0) Blog, Securities Fraud

  The US District Court for the Western District of Texas should confirm an arbitration award for brokerage firm Citigroup Global Markets Holding Inc. (n/k/a/ Morgan Stanley Smith Barney, LLC) against a former employee who failed to pay his promissory note—so says magistrate judge Nancy Stein Nowak. Nowak argued

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• Ryan Muneo Kimura, formerly of Sun Life Financial Distributors, Inc. in Honolulu, Hawaii, barred from FINRA for violations of securities laws.

  August 20, 2009 Comments (0) Blog, Securities Fraud

  According to a recent FINRA announcement, Ryan Muneo Kimura, formerly of Sun Life Financial Distributors, Inc.  in Honolulu , Hawaii , has been barred from associating with any FINRA member firm.  Without admitting or denying the findings, Kimura consented to the findings that he misappropriated $1.29 million from

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• SEC Investigating Morgan Stanley and William Keith Phillips for Breach of Fiduciary Duty

  August 8, 2009 Comments (0) Blog, Securities Fraud

  The Securities and Exchange Commission recently charged Morgan Stanley and one of the firm’s former investment adviser representatives, William Keith Phillips, with securities law violations for misleading clients about the money managers being recommended to them and failing to disclose conflicts of interest.

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• Financial Advisor Promissory Notes

  

  August 2, 2009 Comments (5) Blog, Securities Fraud

  Financial Advisor Promissory Notes – (Up-front forgivable loans) A Promissory Note (often called an up-front forgivable loan) are commonly used as a recruiting tool by many of the major brokerage firms in the securities industry, including Morgan Stanley Smith Barney, Merrill Lynch, Wells Fargo Securities,

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