There are options for customers of Morgan Stanley broker William May (CRD# 1254424) who suffered investment losses. May has been registered with Morgan Stanley in Alpharetta, Georgia since 2009.
May has been the subject of one customer complaint, according to his CRD report:
December 2020. “Client alleges, inter alia, failure to follow instructions with respect to sale of shares to cover option exercise 2019.” The customer is seeking $1,026,950 in damages and the case is currently pending. The complaint was regarding common and preferred stocks.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Morgan Stanley may be liable for investment or other losses suffered by May’s customers.