On August 15, 2012, Myron M. Cherry & Associates filed a FINRA arbitration complaint against Morgan Stanley. The complaint alleges that Morgan Stanley recommended Blockbuster bonds to its clients at a time when Morgan Stanley allegedly knew Blockbuster was headed to bankruptcy. The complaint alleges that Morgan Stanley recommended Blockbuster bonds to its clients as a good investment even though Morgan Stanley did not believe it was a good investment and had no reasonable basis to make such a recommendation. The complaint seeks damages for losses suffered by investor as a result of Morgan Stanley’s recommendations. For more information about this case, or if you have lost money as a result of this or any other investment advice, please contact us at (312) 372-2100.
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