Morgan Stanley Brokers Can Pursue Recovery of Their Deferred Compensation Losses Under ERISA: Contact KT Law Immediately

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Updated on: June 10, 2024

Morgan Stanley Brokers With Over $100,000 in Deferred Compensation Losses Should Immediately Contact the Law Firm of KlaymanToskes

NEW YORK, NY / ACCESSWIRE / June 10, 2024 / National securities attorneys KlaymanToskes continues investigating Morgan Stanley (NYSE:MS) on behalf of former financial advisors following a court decision that determined Morgan Stanley violated ERISA by unlawfully withholding deferred compensation payments to its advisors. All former Morgan Stanley brokers/advisors who have suffered deferred compensation damages in excess of $100,000 should contact KlaymanToskes immediately at 888-997-9956.

KlaymanToskes reports the law firm has been contacted by several former financial advisors who are seeking to recover unpaid deferred compensation through the filing of FINRA Arbitration claims. In a recent court ruling (Case 1:20-cv-11047-PGG), the U.S. District Court for the Southern District of New York determined that Morgan Stanley’s Compensation Incentive Plan and Equity Incentive Plan are “‘individual account plans,” which fall under the regulations of the Employee Retirement Income Security Act (ERISA).

U.S. District Judge Paul G. Gardephe mandated that financial advisors must arbitrate their claims in order to recover any deferred compensation payments withheld upon their departure from the firm. KlaymanToskes is investigating Morgan Stanley’s wrongful denial of its financial advisors compensation, and encourages affected advisors to recover their deferred compensation through the filing a FINRA arbitration claim.

KlaymanToskes is a leading national securities law firm which represents industry professionals who have been involved in a number of employment-related disputes including unpaid compensation, commission, and bonuses. The law firm’s founder and managing partner, Lawrence L. Klayman, Esq. has extensive experience as a former securities broker and has spent decades applying his knowledge gained on Wall Street representing brokers and financial advisors in a range of employment law matters.

If you are a former Morgan Stanley financial advisor or other securities industry professional facing an employment dispute, contact attorney Lawrence L. Klayman at (888) 997-9956 or by email at investigations@klaymantoskes.com in furtherance of our investigation.

About KlaymanToskes

KlaymanToskes is a leading national securities law firm co-founded by former securities broker Lawrence L. Klayman, which practices exclusively in the field of securities arbitration and litigation on behalf of both investors and financial industry professionals 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.


Lawrence L. Klayman, Esq.
KlaymanToskes, P.A.
+1 888-997-9956

SOURCE: KlaymanToskes, P.A.