Milwaukee Journal Sentinel
According to a report from the New York Times, Milwaukee Bucks point guard Jrue Holiday and his wife, Lauren have joined two former NBA players in a lawsuit against Morgan Stanley and a former broker for inappropriately distributing money that is now unaccounted for. The Holidays, Chandler Parsons and Courtney Lee allege Morgan Stanley broker Darryl […]
InvestmentNews
A former Morgan Stanley broker likely will defend himself against charges by several pro athletes that he ripped them off by citing investment returns. A current NBA player, his wife and two former NBA players allege that Darryl Matthew Cohen improperly diverted a total of about $10 million from their accounts, according to a recent […]
AdvisorHub
A once top-producing Morgan Stanley broker in Southern California is facing an industry bar after racking up millions of dollars in client complaints from his former professional athlete customers, including former basketball star Chandler Parsons, according to regulatory filings. The Financial Industry Regulatory Authority’s enforcement division said it has decided to ban Darryl M. Cohen […]
AdvisorHub
A Financial Industry Regulatory Authority arbitration panel has ordered Morgan Stanely to hand over control of three accounts to Chris Bosh in a contentious dispute between the former pro basketball player and his mother over ownership of the funds, according to an arbitration award. The three arbitrators, however, denied claims from Bosh against the firm […]
Bloomberg
Credit Suisse Group AG’s declaration a few years ago that it would quit managing money for rich Americans seemed too crazy to be true: Why would the bank get out of the world’s biggest wealth-management market at the very time its new boss was betting its future on that business? Now, a newly disclosed cache […]