WASHINGTON – A FINRA arbitration panel this week approved the removal of a complaint about Puerto Rico bonds from an ex-wirehouse advisor's record after concluding the advisor kept the client adequately informed of the risks posed by the bonds throughout their seven-year relationship.

The panel of three arbitrators found that the client's complaints were "factually impossible or clearly erroneous" because of the work the ex-Morgan Stanley advisor did to keep her informed about the bonds in her account.

Register or login for access to this item and much more

All On Wall Street content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access