Former Client of Shawn E. Good Files a Lawsuit Against Morgan Stanley for Lack of Supervision

INVESTOR NOTICE: If you are a former client of Morgan Stanely’s Shawn Good you may have options for financial recovery. Contact Sonn Law Group today for a free consultation to discuss your options.

Sonn Law Group previously reported that former Morgan Stanley advisor Shawn E. Good has been charged by the SEC with running a Ponzi scheme and defrauding his investment clients to the tune of millions of dollars.

Now, according to FinancialAdvisorIQ.com, one former client of Good has filed a lawsuit against Morgan Stanely claiming that the brokerage firm failed to prevent Good’s alleged violations despite very significant red flags in Good’s emails, which Morgan Stanley is obligated to monitor.

The plaintiff is an elderly investor who allegedly had $400,000 misappropriated from what she thought was a real estate investment.

Sonn Law Group is a nationally-recognized leader in securities law. We dedicate our practice exclusively to helping defrauded investors recover compensation. If you or a loved one has suffered losses investing with Shawn E. Good we invite you to contact our firm for a free, no-obligation consultation to discus your options.