This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers visit http://www.djreprints.com.

https://www.barrons.com/advisor/articles/morgan-stanley-charles-schwab-finra-arbitration-award-4123556e

Morgan Stanley, Charles Schwab, and the $750 Million Recruiting Move That Went Off the Rails

By
Andrew Welsch
  • Print
  • Reprints
Text
  1. Small
  2. Medium
  3. Large

Morgan Stanley lost a multimillion dollar arbitration case last week involving several parties and which centered on a recruiting move that went off the rails nearly four years ago. 

To understand how the yearslong legal dispute ended up before a panel of Finra arbitrators, one has to dial the clock back to March 29, 2019. That’s when advisors Christopher Armstrong and Randall Kiefner left Charles Schwab to join Morgan Stanley.

It...

Barron’s Advisor

Free Registration

Welcome to Barron’s Advisor! Our content is free but available only to wealth management professionals. To read this article, please provide the information below so we can confirm that you work in the industry. All fields are required. If you’re not a wealth management professional, you can find other great financial content at barrons.com. If you have any questions, please contact us a advisor.editors@barrons.com

Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.