Former Morgan Stanley Broker Claims FINRA Suit Reflects Industry’s Overall Discrimination Against Women
FINRA has alleged that in 2011 and 2012, Ami Forte engaged in unsuitable trading with the account of a client who was very near death. With this account, Forte generated more than $9 million in commissions in less than a year. In 2016, Forte was fired by Morgan Stanley after the estate of Roy M. Speer, co-founder of the Home Shopping Network, sued Morgan Stanley for $40 million.
In March 2016, a FINRA panel gave more than $34 million to the Speer estate for its claim against Morgan Stanley. Continue reading ›