An advisor who took on Morgan Stanley in a contract dispute was slapped with more than $200,000 in fees.

Contesting a breach of promissory note claim by Morgan, Jay Serniak represented himself before a FINRA arbitration panel in New York on Sept 10. According to FINRA records, Serniak spent two years with Morgan before joining BNY Mellon Wealth Advisors, a division of MBSC Securities Corporation, last September.

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