Recover Shawn Good Morgan Stanley Ponzi Scheme Losses
Summary
National investment fraud lawyers KlaymanToskes is investigating (“Shawn Good Morgan Stanley Ponzi Investigation”) potential FINRA arbitration claims on behalf of former and current Morgan Stanley customers who held accounts with Shawn Edward Good, who is a barred broker formerly registered out of the firm’s Wilmington, North Carolina branch. According to the SEC’s Complaint filed in April 2022, Shawn Good allegedly operated a 10-year Ponzi scheme that defrauded several clients out of at least $4.8 million. However, Good used his clients’ funds to repay his earlier victims and to pay his personal expenses, such as luxury cars, credit card bills, and international travel. Before joining Morgan Stanley, Good was registered with Wells Fargo Advisors, LLC in Wilmington, NC from November 2004 to December 2012. Current and former customers of Morgan Stanley who held accounts with Shawn Good who have information relating to the manner in which he handled customer accounts are encouraged to contact Lawrence L. Klayman, Esq., at 1-888-997-9956, and download our Special Investor Report.