Elizabeth Layne Investigation
May 2022- Atlanta, GA
According to publicly available records Elizabeth M. Layne (aka Elizabeth Muse Hearn & Elizabeth Anne Muse) a broker with Morgan Stanley Smith Barney discloses a large pending customer dispute.
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
In November of 2021, a Morgan Stanley customer alleged that Layne recommended an unsuitable options investment strategy which caused damages of $15,708,558. This case is pending.
Layne has been employed with Morgan Stanley Smith Barney since February of 2002.
If you have losses in an investment account handled by Elizabeth Layne, call to learn how you may be able to recover damages through FINRA arbitration.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
Florida-561 391 1900