Morgan Stanley won $430,000 from a former wirehouse advisor for breach of a promissory note, an arbitrator ruled this week.

Advisor Fletcher Bookout, who has 20 years of industry experience, worked at Morgan Stanley twice, from 1998 to 2001 and again from 2012 to 2015, according to FINRA BrokerCheck records. In between his stints at Morgan, he worked at Lehman Brothers and Wells Fargo Advisors.

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