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Ex-Morgan Stanley FAs Claim the Wirehouse Shortchanged Them on Expenses

May 8, 2019 / News Item
Three of its former financial advisors have alleged Morgan Stanley shortchanged them and some 2,800 other employees when reimbursing their business expenses. But only one of them, Brandon Harvey , has succeeded in securing a tentative $10 million settlement based on his proposed class action lawsuit. Under the proposed deal, Morgan Stanley would pay Harvey and other former and existing Morgan Stanley employees around $3,600 each. In addition, Harvey, who worked for Morgan Stanley for four years until 2018 when he left for his current firm LPL Financial, would receive $10,000 for his services...
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