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Ex-Morgan Stanley Advisors Sue DOL Over Deferred Compensation Opinion

You can find original article here WealthManagement. Subscribe to our free daily WealthManagement newsletters. Several former Morgan Stanley advisors are taking the U.S. Department of Labor to court, arguing it inappropriately sided with the wirehouse in a years-long legal dispute between the reps and their former employer over deferred compensation claims. In September, the Labor Department issued an “advisory opinion” siding with Morgan Stanley over the aggrieved advisors, some of whom had filed a class- ...