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.
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