A former Morgan Stanley complex manager who felt he was forced to resign is set to receive $1 million in compensatory damages from the firm, according to a new ruling from an arbitration panel.
A Financial Industry Regulatory Authority panel ruled in favor of the former Morgan Stanley manager, Gregory Carl Torretta, in a decision signed earlier this month. The award falls short of Torrettas requests for relief, which included $8 million to $9 million in compensatory damages at the end of the hearing. The FINRA dispute resolution documents do not provide further details about how the three-member arbitration panel came to its decision.
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