Solomon Tobal Resigns from Morgan Stanley for Excessive Fee Complaints

Are you a current or former customer of Solomon Tobal, formerly with Morgan Stanley in Paramus, New Jersey? If you have suffered financial losses, you may have legal options to recover your money.

Allegations Against Solomon Tobal

According to allegations from FINRA’s BrokerCheck, Tobal was permitted to resign by Morgan Stanley in July 2025. Morgan Stanley said that it allowed him to resign after “allegations regarding the movement of client positions between different account types”. A few days later in July, a customer filed a complaint with Morgan Stanley regarding Tobal, alleging misrepresentations with respect to commissions charged for trades on advisory accounts. A second customer complaint was made in August 2025 regarding fees on “alternative” investments.

Background on Solomon Tobal

Solomon Tobal was assigned to a Paramus, New Jersey branch while affiliated with Morgan Stanley between November 2023 and July 2025. Tobal now works with Wells Fargo in Hackensack.

What Can I Do to Recover Investment Losses?

Investors can pursue claims through FINRA arbitration, a forum designed to help recover funds lost due to broker misconduct or unsuitable investment recommendations. Solomon Tobal could be responsible for misrepresentation, unsuitable advice, or breach of fiduciary duty. However, Morgan Stanley may also bear responsibility if they failed to properly supervise Tobal or ignored warning signs.

Israels & Neuman Represents Investors in New Jersey and Across the Country

At Israels & Neuman, we have helped thousands of investors nationwide recover money lost to financial advisor misconduct and represent investors throughout New Jersey. Our attorneys have extensive experience handling claims involving investment schemes.

Free Case Review — Speak to a Securities Fraud Attorney Today

If you invested with Solomon Tobal, contact us for a free case evaluation. Our attorneys are here to help you understand your rights and determine whether a claim through FINRA arbitration is right for you.

If we take your case, we do so on a contingency fee basis—which means there are no attorney fees unless we recover money for you!

(720) 599-3505 or (206) 795-5798

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