Does this apply to you?
If you worked as a Financial Advisor for Morgan Stanley in California, and participated in the Automated Flexible Grid (“AFG”) program at any time since April 23, 2013, we would like to talk to you. Please complete our questionnaire and a member of our legal team will contact you.
Financial Advisors Are Challenging Morgan Stanley’s Expense Reimbursement Policies.
Chen v. Morgan Stanley Smith Barney, LLC is a representative action filed under California’s Private Attorney General Act (“PAGA”) that alleges that the AFG program violated California laws about employee expense reimbursement and deductions from pay. The lawsuit seeks to recover penalties for these violations and others. If the case is successful, a portion of those penalties would go to the state of California, and a portion would go to the employees affected.
This Case Also Challenges Morgan Stanley’s Policies for Final Payments
Another claim in this lawsuit is that Morgan Stanley had a practice of paying Financial Advisors their last paychecks late. California law has specific rules about how soon an employer must pay an employee who separates from employment, which the Chen lawsuit alleges Morgan Stanley failed to follow. If you worked as an FA at any time since April 23, 2013, and received your final paycheck late, please complete our questionnaire.