Morgan Stanley’s Wealth Unit Faces Probe by the SEC and Other Federal Regulators

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Updated on: April 11, 2024

KlaymanToskes Offers Recovery Options for Morgan Stanley Customers

National investment loss lawyers KlaymanToskes reports that Morgan Stanley’s wealth unit is being probed by the Securities and Exchange Commission (“SEC”) and multiple other federal agencies regarding its procedures for evaluating the risk of money laundering among clients, according to a Wall Street Journal report today. 

​The regulators reportedly investigating Morgan Stanley’s practices include the SEC, the Office of the Comptroller of the Currency, and various offices within the Treasury Department. The focus of the regulators’ investigation lies in scrutinizing Morgan Stanley’s diligence and thoroughness in verifying the identities of prospective clients and the sources of their wealth. Several regulators are also reportedly examining whether the firm adequately monitors the financial activities of its customers, particularly those with international ties.

Back in November 2023, the Federal Reserve began scrutinizing whether Morgan Stanley’s wealth management business was engaging in adequate measures to prevent potential money laundering by its wealthy clients outside of the U.S. Morgan Stanley’s continued scrutiny by regulators underscores the seriousness with which regulatory bodies are assessing its compliance with financial regulations and their commitment to ensuring the integrity of the financial system.

KlaymanToskes Offers Recovery Options for Morgan Stanley Customers:

KlaymanToskes is a leading law firm whose sole focus is in the area of securities arbitration and litigation. The firm has represented thousands of brokerage clients throughout the world that maintained accounts with U.S. brokerage firms, resulting in the recovery of over $250 million in FINRA arbitration cases.

Our law firm can help determine if your investment loss is due to fraud, financial advisor misconduct, or unsuitable investment advice. Depending on your circumstances, you may be entitled to recover your losses through FINRA arbitration.

Investors that suffered losses at Morgan Stanley are encouraged to contact attorney Lawrence L. Klayman, Esq. at (888) 997-9956 or investigations@klaymantoskes.com for a free consultation to discuss legal options. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you. 

About KlaymanToskes

KlaymanToskes is a leading national securities law firm which practices exclusively in the field of securities arbitration and litigation on behalf of retail and institutional investors throughout the world in large and complex securities matters. The firm has recovered over $250 million in FINRA arbitrations and over $350 million in other securities litigation matters. KlaymanToskes has office locations in California, Florida, New York, and Puerto Rico.


KlaymanToskes, P.A.
Lawrence L. Klayman, Esq.