ISRAELS & NEUMAN, PLC FILES FINRA ARBITRATION CLAIM AGAINST MORGAN STANLEY
Israels & Neuman, PLC files FINRA Arbitration Claim Against Morgan Stanley Related to Energy Sector Stock Losses.
FOR IMMEDIATE RELEASE Israels & Neuman, PLC announces that it has filed a Financial Industry Regulatory Authority (FINRA) arbitration claim against Morgan Stanley on behalf of an aggrieved investor. The claim was filed in Pittsburgh, Pennsylvania.
The claim alleges that the investor was serviced by one of Morgan Stanley’s former advisors in the Pittsburgh area, Charles Correal, who is alleged to have recommended numerous high risk investments in oil and energy sector stocks, such as Walter Energy, Inc., Interoil Corp., Fusion-IO, Inc., U.S. Silca Holdings, and Safe Bulkers.
The claim further alleges Morgan Stanley’s agent adopted a one-size-fits-all approach to investing, resulting in his client’s investment portfolios becoming too heavily concentrated in the energy sector, which led to substantial losses. Accordingly, the claim alleges liability against Morgan Stanley, based upon its and its agent’s alleged failure to diversify the aggrieved investor’s holdings into other non-energy sectors.
Israels & Neuman, PLC is a securities arbitration and investment fraud law firm with offices in Denver; Ann Arbor, Michigan; and the Seattle area and has litigated numerous cases Pittsburgh, Pennsylvania. Its attorneys have represented over 1,000 investors in cases to recover investment losses due to the actions or inactions of their advisor or brokerage firm, including previous cases against Morgan Stanley.
If you have lost money investing in energy stocks and would like to discuss your legal options, please call us for a free evaluation of your case. Our attorneys will personally discuss all of your rights as an investor and the remedies you have related to your losses.
For more information, please call 720-599-3505 or 206-795-5798, or visit www.israelsneuman.com.
This communication is advertising material. All of the firm’s arbitration cases are taken on a contingent fee basis, meaning you do not pay unless money is recovered for you.