Morgan Stanley Loses Another FINRA Fight Over Deferred Comp

What You Need To Know

• Morgan Stanley must pay about $1.1 million to a pair of its former advisors who accused the firm of failing to pay deferred compensation.
• The new order comes as the firm continues to seek court intervention after a string of arbitration panel losses.
• Morgan Stanley asserts that its compensation arrangement is fair and transparent — and not to be viewed as a retirement plan subject to ERISA.