Financial Advisers Sue US Labor Department for ‘Interfering’ in Morgan Stanley Pay Fight

Three financial advisors claim that the DOL violated its own internal procedures to issue an advisory opinion resolving a key issue in potentially hundreds of claims against Morgan Stanley Smith Barney in the bank’s favor.

       

Three financial advisors claim that the DOL violated its own internal procedures to issue an advisory opinion resolving a key issue in potentially hundreds of claims against Morgan Stanley Smith Barney in the bank’s favor.