Workflow
DOL Sides with Morgan Stanley in Deferred Compensation Dispute

You can find original article here Wealthmanagement. Subscribe to our free daily Wealthmanagement newsletter. The U.S. Department of Labor has sided with Morgan Stanley and several FINRA arbitration decisions in a dispute over whether its deferred compensation program should be treated like a pension or a bonus and, if the latter, not be paid if a financial advisor leaves before the end of its vesting period. In an opinion issued Tuesday, the DOL said Morgan Stanley’s deferred incentive compensation prog ...