Today the Financial Industry Regulatory Authority released a Letter of Acceptance, Waiver and Consent, suspending Sacramento-based financial advisor Gary Pevey...Read More
Jeffrey Wiseman: NBA Star Sues Morgan Stanley Over Financial Advisor’s Actions
Former NBA player Chris Bosh, his wife, and several of his entities have brought a FINRA arbitration against Morgan Stanley alleging “unsuitability with respect to investments in accounts.” Bosh’s former financial advisor was Jeffrey Wiseman, based out of the firm’s Oxnard, California office. This comes after Wiseman was fired by Morgan Stanley on or around April 28, 2015, for “loss of confidence due to concerns relating to password sharing and non-completion of firm mandating trainings.”
According to public records, the arbitration was filed around November 2017 and is still pending. The claim relates to municipal debt and unit investment trusts.
Wiseman was employed by Morgan Stanley from 2008 until his termination in April of 2015. Prior to Morgan Stanley, Wiseman was employed by UBS, Merrill Lynch, and Prudential.