Case Result

$843,000

Securities Arbitration & Litigation

2025
Palm Beach Gardens, FL

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Case Details

An elderly Morgan Stanley client in Florida who fell prey to a 'gold bar' scam won damages from the firm after she claimed it failed to follow industry rules designed to protect senior investors.

Additional Notes

Marjorie Kessler, 76, was defrauded of $1.75 million by outside fraudsters. The claim alleged Morgan Stanley violated 'trusted contact' and 'financial exploitation of senior citizens' rules. The award was decided by a three-person panel under Finra Dispute Resolution Services.

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Palm Beach Gardens, FL
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