Review and analysis of over 5 complaints against Morgan Stanley
Morgan Stanley consumers have reported over 5 official complaints related to Deposits and withdrawals. Out of the 5 consumer complaints against Morgan Stanley, 20% were disputed by the consumer (i.e. the consumer was not happy with how Morgan Stanley responded to their complaint) and 100% were processed in a timely manner. 0% of consumer complaints against Morgan Stanley resulted in the consumer receiving monetary compensation (e.g. money, cash reimbursement, etc.) and 0% resulted in non-monetary compensation.
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Morgan Stanley Bank account or service deposits and withdrawals July 28, 2016 - I over the period of about 10 years basically wiped out my Rollover IRA. This was done via email through Letters of Authorization. I was never informed by the brokers at - - - and then Morgan Stanley that these early withdrawals would be subject to early withdrawal penalties. In addition, this year when I got very ill and my wife took over via a POA she discovered that the Broker never contacted her about these withdrawals even though it is a joint Financial Management Account.... |