What Did Your Brokerage Firm or Investment Adviser Do Wrong With GWG
Published On: February 16, 2017

According to a recent InvestmentNews article, Morgan Stanley has agreed to pay $8 million in penalties and admit wrongdoing in order to settle charges related to exchange-traded funds (ETFs) investments. The bank recommended ETFs to advisory clients, according to the Securities and Exchange Commission (SEC). The SEC claimed that the bank did not adequately implement its policies and procedures to ensure that clients understood the risks involved with the inverse ETFs. They are typically unsuitable for investors who plan to hold them longer than one trading session. Morgan Stanley allegedly solicited clients to purchase inverse ETFs in retirement accounts where the securities were held for longer than one trading sessions which led to losses. If you were a victim of inverse ETF sales by Morgan Stanley, please call 312-332-4200 today to speak to one of our attorneys about your options of suing Morgan Stanley in the arbitration process. We take claims on a contingency fee basis. The call is free with no obligation.

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