A former Morgan Stanley advisor has agreed to a suspension and fine to resolve charges brought by brokerage industry self-regulator Finra relating to unauthorized gifts she allegedly received from an elderly client.
Sharon Hayut accepted Finra’s findings without admitting or denying the allegations in a letter of acceptance, waiver, and consent (AWC), which described two monetary payments totaling nearly $51,000 that Hayut allegedly received in violation of Morgan Stanley’s policies.
That,…
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