Former Morgan Stanley Client Wins FINRA Arbitration for Stock Losses
Posted on Wednesday, May 8th, 2019 at 1:27 pm
In April 2019, a former client of Morgan Stanley won an award in a FINRA arbitration for compensatory damages for $127,000 for losses sustained from stock losses in a public company, Omeros Corporation. The investors were clients of financial advisor Mary Suhr (CRD# 5051921).
The causes of action included breach of fiduciary duty; breach of contract; and negligence. The causes of action relate to Claimant’s vested stock options in public company, Omeros Corporation, which allegedly expired without exercise. The FINRA arbitration hearing was conducted in San Francisco, California.
Suhr has been registered with Morgan Stanley in Palo Alto, California since 2009.
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 Suhr’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If and have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.