Investment fraud is a serious issue that can have devastating financial consequences. In a recent case, a customer has alleged that the Financial Advisor (FA) team at Morgan Stanley Smith Barney knowingly allowed her ex-husband to withdraw more funds from his Individual Retirement Account (IRA) each year than was permitted as part of their divorce agreement. This alleged misconduct occurred between 2015 and 2018. The claimant, Sally Ann Weger, has raised a dispute, which is currently pending.
Why The Allegation Matters
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The crux of the matter is that financial advisors and investment companies are expected to uphold the highest level of fiduciary duty. They are entrusted with the responsibility of managing and protecting their clients’ investments. Any deviation from this obligation, such as the alleged misconduct in this case, is a serious breach of trust and can result in significant financial loss for the client.
Who’s Looking Into The Matter?
Haselkorn & Thibaut, a national investment fraud law firm with a stellar reputation and offices in Florida, New York, North Carolina, Arizona, and Texas, is currently investigating the advisor and the company involved in this allegation. With over 50 years of experience in the field and a whopping 98% success rate, they are well-equipped to handle such cases. They have a proven track record of securing successful financial recoveries for investors who have been victims of investment fraud.
Red Flags To Look Out For
- Unusual or unauthorized activity in investment accounts.
- Discrepancies in account statements.
- Unexplained or sudden changes in investment strategies.
- Withdrawals that exceed the agreed-upon limits.
How Can You Benefit?
If you’re an investor who has been a victim of similar misconduct, you can benefit from the expertise and experience of Haselkorn & Thibaut. They offer a free consultation to clients and operate on a “No Recovery, No Fee” policy, which means you won’t have to pay anything unless they recover your losses. You can reach out to them at 1-800-856-3352 for a free consultation.
FINRA Arbitration: A Road To Recovery
FINRA Arbitration is a dispute resolution process that can help investors recover losses due to investment fraud or misconduct. It’s a quicker and more cost-effective alternative to litigation. Haselkorn & Thibaut has a wealth of experience in representing clients in FINRA arbitrations, and they can guide you through the process to ensure the best possible outcome.
In conclusion, investment fraud is a serious matter that requires immediate attention. If you suspect any misconduct or are a victim of such practices, don’t hesitate to reach out to the experts at Haselkorn & Thibaut. Remember, it’s your hard-earned money, and you have every right to protect it.
