Sally Weger In Morgan Stanley Misrepresentation Disputes

Investors might have sustained losses due to securities broker Sally Ann Weger (also known as Sarah Ann Weger) [CRD: 2591057, Palm Beach Gardens, Florida], based on the disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Evidently, Weger joined Morgan Stanley Smith Barney on September 16, 2011. Read on to uncover more about Weger’s client disputes and the specific allegations raised.

Morgan Stanley Smith Barney Investor Accused Weger Of Permitting Unauthorized Withdrawals

Specifically, a Morgan Stanley Smith Barney client filed FINRA Arbitration No. 23-01580 about Sally Weger. Supposedly, Weger knowingly permitted her ex-husband to withdraw funds that the ex-husband was not allowed to withdraw. Because of this, the client allegedly sustained damages. Therefore, on February 29, 2024, Morgan Stanley Smith Barney settled this matter by paying the client $350,000 in damages.

Sally Weger Disclosed Breach Of Fiduciary Duty Allegations By Morgan Stanley Client

Particularly, a client of Morgan Stanley Smith Barney contested Sally Weger’s practices by filing FINRA Arbitration No. 23-01160. Allegedly, Weger breached her fiduciary duty in regard to a transfer of death designation on a client's account. It appears that Weger allegedly caused the client to sustain damages. Because of this, Morgan Stanley Smith Barney opted to settle the matter on February 26, 2024, by compensating the client in the amount of $130,000.

Merrill Lynch Investor Accused Sally Weger Of Misrepresentation

Evidently, a Merrill Lynch client filed FINRA Arbitration No. 07-01649 about Sally Weger. Supposedly, Weger made unsuitable recommendations and misrepresented information. Therefore, the client allegedly sustained damages on municipal bonds. Consequently, on July 24, 2008, Merrill Lynch settled this matter by paying the client $1,500,000 in damages.

Weger Disclosed Fee-Related Allegations By Morgan Stanley Client

Particularly, a client of Morgan Stanley contested Sally Weger’s sales practices, according to a complaint dated May 3, 2018. Allegedly, Weger made misrepresentations concerning advisory fees. Because of this, the client sought compensatory relief from Morgan Stanley or Weger in the amount of $28,305.36 in this matter.

Did You Sustain Losses Because Of Securities Broker Sally Weger?

Did you experience losses because of Sally Weger? If so, get in touch with Soreide Law Group online or at (888) 760-6552 and talk with a securities attorney concerning a potential recovery of your investment losses. Soreide Law Group has recovered losses for investors throughout the United States, works on a contingency fee basis, and advances all costs. Weger and brokerage firms Morgan Stanley deny accusations of sales practice violations.