All Financial Advisors Who Lost Their Deferred Compensation Should Immediately Contact the Law Firm of KlaymanToskes
NEW YORK, NY / ACCESSWIRE / November 12, 2024 / National investment loss and securities lawyers KlaymanToskes issues an important notice to former Morgan Stanley (NYSE:MS), Merrill Lynch (NYSE:BAC), and all other financial advisors following a federal court decision reaffirming protections for advisors under the Employee Retirement Income Security Act (ERISA). All brokers/investment advisors who have suffered deferred compensation damages in excess of $100,000 should contact KlaymanToskes immediately at 888-997-9956.
On November 7, 2024, U.S. District Judge Paul G. Gardephe upheld his previous ruling from November 2023 (Case 1:20-cv-11047-PGG) that Morgan Stanley's deferred compensation plans are governed by the Employee Retirement Income Security Act (ERISA). This ruling reaffirms ERISA's role as a critical safeguard against the forfeiture of deferred compensation, reinforcing the protections afforded to financial advisors.
KlaymanToskes reports the law firm has been retained by numerous financial advisors from multiple brokerage firms who are seeking to recover unpaid deferred compensation through the filing of FINRA arbitration claims. In light of Judge Gardephe's recent rulings, the law firm urges any financial advisors who have not yet pursued claims related to their deferred compensation losses to contact the firm immediately.
KlaymanToskes is a leading national securities law firm which represents industry professionals who have been involved in a number of employment-related disputes including unpaid compensation, commission, and bonuses. The law firm's founder and managing partner, Lawrence L. Klayman, Esq. has extensive experience as a former securities broker and has spent decades applying his knowledge gained on Wall Street representing brokers and financial advisors in a range of employment law matters.
If you are a financial advisor or other securities industry professional facing a deferred compensation dispute, contact attorney Lawrence L. Klayman at (888) 997-9956 or by email at investigations@klaymantoskes.com in furtherance of our investigation.
About KlaymanToskes
KlaymanToskes is a leading national securities law firm which practices exclusively in the field of securities arbitration and litigation on behalf of retail and institutional investors throughout the world in large and complex securities matters. The firm has recovered over $250 million in FINRA arbitrations and over $350 million in other securities litigation matters. KlaymanToskes has office locations in California, Florida, New York, and Puerto Rico.
Contact
KlaymanToskes, P.A.
Lawrence L. Klayman, Esq.
888-997-9956
investigations@klaymantoskes.com
www.klaymantoskes.com
SOURCE: KlaymanToskes, P.A.
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