Sign in
Submit a Complaint
Morgan Stanley
United States
Tweet
Consumer complaints and reviews about Morgan Stanley
Tmlmv
Send email
Nov 18, 2017
fraud
Stockbrokers are all thieves
User191620
Send email
Mar 31, 2012
fruad
Morgan Stanley lost my companies 401k saving for all our employees.
We were told it would be a safe investment rated AAA
We did not choose anything aggressive in terms of investing. It was supposed to be secure most importantly a safe investment. Morgan Stanley made reckless trades, some trades consisted of selling and rebuying the same investment. They did this to make a commission on the sale and purchase of the same instrument.
There was no point in the buy and sale. It made no money for us, but each time they did that we had to pay the commission fee.
User925702
Send email
Mar 31, 2012
fruad
Don't trust financial ad-visors they are employed to make commissions from your investment even if that generate losses for you. They don't want to lose a account because they make commissions each year of the account they keep therefor they will convince you to hang on to your investment even when they know a company stock goes down hill, this cos ted us $20, 000.00. I requested from our advisor our yearly IRA mandatory distribution checks he claimed that both checks were sent to our address but I only received one that is pay to the order with my name with an distribution amount for my wife. I question our advisor about that, he could not explain in clear words what happen. The other distribution check, he explained take longer to sent because that IRA retirement account was placed in a joint account with Morgan Stanley therefor it will take longer to clear. We are unaware that any of our investment could be held in a joint account with Morgan Stanley.Obvious he was not telling me the truth that he have sent out 2 checks. Our family suppose to have a household service account for a flat fee of $126.00 per year. I been charged as an individual for more than $126.00 and my wife a extra $ 77.00 and so is the rest of my family. In addition they sell your shares from your investment to pay themselves a handsome fee and tell you they not charge you anything for their service.
Previous
1
Next
Complaint Registration Form
Information of the Company you are complaining about
Subject of Complaint
City (optional)
Complaint Details
Attach photos (optional)
Confirmation code
Submit
Submit Complaint
|
View full list of Companies
|
Latest Complaints
|
Terms of Use
|
Privacy Policy
|
Contact Us
© 2025
Complaint Board
User Registration
Already a Complaint Board member?
Log in now.
Username:
E-mail address:
Password:
Code:
Loading, please wait...
or connect with Facebook
User Registration
A confirmation email was sent to "
".
To confirm your account, please click the link in the message.
If you don't see the email in your Inbox, please check your Spam box.
User Login
Not a member of Complaint Board?
Register now.
E-mail address:
Password:
Forgot your password?
E-mail address:
Back
Loading, please wait...
Your password has been sent to the specified email address.
Log in
or connect with Facebook
User Facebook Login
Enter Username