Jon Usitalo sent this letter. "As a part of Morgan Stanley's review process, I periodically look at the activity in our client accounts. I noted that your above referenced account has been quite active...", "The cost-to-equity ratio is 6% for twelve months." This is...
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Anonymous
Anonymous

churning

1.0
#766765
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These people are awful. They charge 17.50 to send your loan payment from your Morgan Stanley or other bank account. They charge 7.00 to pay it by phone. They are rude and this is with MS wealth Management clients! What a bunch of shysters. I am reporting this...
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#709573
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Broker Fraud and Break Point Selling by Morgan Stanley. Morgan Stanley has been abusing senior citizen 71 year old investor, David Caidar, by charging 4% commission against FINRA terms. Tomer Rabizadeh, Morgan Stanley Financial Advisor, was able to convince David...
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Anonymous
Anonymous

If any of this is true you need to contact an attorney.

2.3
I didn't like
  • Fraud
#657746
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My sons account was transferred to Morgan Stanley from another broker almost 5 years ago. It is a small account with 25 shares of 3 stocks so he could learn about the stock market. I only looked at the returns and balances and did not look far enough back in the...
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Anonymous
bc

Same thing happened to my son's college fund that was transferred over by another brokerage firm. My fault for not looking at statement's closer, but seriously, $50 a quarter...

Anonymous
Motley

Sounds like he got the education you were looking for.

1.0
#584557
Reply to reviews