Morgan Stanley Smith Barney
Reviews and Complaints

I had 0n 1-25-23 @ 0409 hours $409,000 range by 0800 hours I had $309,000. I called my elite trading team member Adrew Costello former law enforcement officer in Florida and he stated that my $100,000 money transfer was funded before 0930 hours. e-trade in my broker account ending #1170 had insufficient funds and e-trade started liquidating my account. It appears that E-trade brokers are upset that I traded symbol QSEP

after buying income securities investments with Salomon Smith Barney since 2002, the new owners are evicting me because I live in Thailand, a country on their blocked list., they blocked my account and gave me a too short deadline to transfer to another financial institution.I am worried what they could do to my bonds, cash, and ATM card access. in legal terms its called account termination, but for no fault of mine.
I live in Thailand and my email address is [protected]@yahoo.com. I am a small investor, retired, age 70, living on dividend income and social security

I hope you can help me or refer me to someone who can. I now live in Malaysia and before that Thailand with spouse. Our Stockbroker was hosted to four all paid luxury trips to my spouses 5 star resorts he was GM of.
This was [protected]. In 2000 I discovered spouse had forged my name off 6 portfolios at Solomon (back then) SB. The letter ordering Stanford to "combine all 6 portfolios into a singular account" was written in 1997 and only in 2004 could my British lawyer get this letter as they totally refused to deal with me., The amount is about USD800, 000
My spouse is even the godfather of Stanford's son. Illegal collusion is blatant. I have been working 7 days a week since 2000 when spouse abandoned me in Malaysia and am 100% physically disabled. We are married 34 years with two adult kids. I want to file criminal charges against this stockbroker as well as civil charges incl punitive damages. I spent from Feb [protected] trying to convince senior SSB executives in other branches incl their corp one to take action. My spouse had told them I was psychotic so no one ever talked or wrote to me. I felt it was a "good old boys network, too" from some of the comments made to me. I have proof I was not even on the same continent as spouse when that letter supposedly was signed by me.
Can you please tell me how to file charges? Should I contact the SEC? Can I file with the local Spgt police? I am desperate for money as I have been given less than one year to live unless I have a major spine surgery. There is a High Court Warrant of Arrest on my spouse as I won a Court Judgement against him in 2003 but he fled this country and now lives in Indonesia where there is no extradition treaty with Malaysia. He is a Lebanese national, who naturalized as an American in 1983 although he kept his Lebanese passport and travels on it which is forbidden. He has a long history of embezzlement charges and history. I do have a lot of proof. I followed spouse to Asia because he could not keep a job in the US, but I never wanted to come here.
Stanford has also told my parents, siblings, former business associates in Sptg where I was on Faculty as USCS that I am an alcoholic, drug addict and psychotic.
Not true of course. Since 2000 I am the Director of The Expat Group Malaysia, and a widely published writer. Check out www.theexpatgroup.com. Many thanks indeed for ANY help you can give me.

Be very careful or you will get taken advantage of. If you are a big investor with lots of money, they may take better care of you, but if you are just a normal person with a modest savings and retirement portfolio, they won't work very hard for you. Don't expect prompt return phone calls or emails unless you constantly follow up, like 5 or 10 times.

Make sure to put everything in writing and document everything. Every conversation and every request for a transaction. That way when they ignore your request you have something to stand on.

Watch the fees charged very carefully. They charged us for 3 accounts AFTER we closed them down!

Basically, last August, the MSSB guy came to the house and was told to move money and send a prospectus of what we discussed buying. A few weeks later I still didn't get anything so I tried to get in touch with him. Since he never responded to emails, I called and he says “oh, the money’s moved but I didn’t send anything because we decided you shouldn’t buy now”. Ok…Jan 1st comes, I’m working on my taxes when I realize MSSB never moved the money in August. I called the next day and MSSB guy says “I don’t know how that could be, I’ll check it out and get back to you.” Three days go by…no phone call…so I called his boss. He doesn’t know anything about this and asks "why didn’t I tell him", -well what do you think I’m doing? Then he has the nerve to send an email to me, ccing his legal dept, which he states what my investment strategy and motivations for moving my money are….never once does he address the issue or problem. This is now 6 days after the first phone call….and my money is still not moved. We immediately began the process of closing our MSSB accounts moving our money to any place but MSSB only to be charged for 2012 fees and transfer fees to the tune of $500. When we asked to get the 2012 fees returned (which they are not entitled to), legal wants us to sign a release making us promise to never talk about this in public!

My companion and I have been clients of (nee) Smith Barney for over 15 years. With the retirement of our long-time Financial Advisor and his replacement by one Stephen Gottlieb, and the subsequent acquisition of smith Barney by Morgan Stanley, we were subjected to a decreasing level of service and an increasing level of fees. My partner withdrew her substantial investments in December. Because I had closed my IRA in 2009 to purchase a retirement home, and had been essentially out of work for over a year, my two money market accounts had dwindled to very small amounts. I was shocked to find in January, without forewarning, that MSSB had deducted annual fees from each of my accounts, something they had never done before. The final straw: Last week my companion wrote me a check (of less than $500) in order to close her remaining money market account; when the check was presented for payment, MSSB immediately deducted the anuual fee from her account, causing the check to be an overdraft. We were both charged overdraft fees. In our attempts to communicate, it has become evident that Stephen Gottlieb believes that such retaliation makes for good customer relations.

Because I voiced criticisms about their management of my account and said I was over - charged and told them that they did not communicate clearly to me: both the broker and the un it manager binded together to send my accoun t to a new york address and an account with no personal broker. Who can I contact to protest tbhis harassment, inside or outsider smith barney and st. Louis?

Completely fraudulent company, Kern County District Attorney called them a "criminal enterprise". If you are a debtor, do not send them any money, they don't have any on staff lawyers, they can't do anything to you, they are a bunch of dirtbags that set up some shady call center. You can just laugh at them if they threaten you with anything. If you are a creditor, do not contract with them, they are not a bonafide company, they will take your past due accounts, harrass them, collect what they can and never pay you a dime. You will be left with a bunch of pissed off former clients. They will try to tell you that they need some up front money to initiate litigation. Do not deal with these people at all. If you have any dealings with these dirtbags, contact John Mitchell, Kern County California DA.

Stanley, morgan & associates is the same company as maxwell, turner & associates. paul anthony vasquez dba maxwell, turner & associates aka advanced recovery management was recently shut down by kern county district attorney john t. mitchell. there are thousands of complaints against them. if you are contacted by "stanley morgan" you should contact mr. mitchell immediately. you will be asked to send money to collect money and you will never see it again. look up the case yourself.
Case number: s-1500-cv-268634
Case title: the state of california vs. maxwell, turner & associates
Case type: other civil complaint
Filing date: 10/15/2009
Filing location: metro division, 1415 truxtun
Case status: pending 10/15/2009 10:36:14 am
date action
6/15/2010 miscellaneous filing plaintiff 1 notice of entry of preliminary injuction with asset freeze
6/14/2010 preliminary injunction defendant 1 with asset freeze.
preliminary injunction plaintiff 1 with asset freeze.
preliminary injunction defendant 3 with asset freeze.
preliminary injunction defendant 2 with asset freeze.
order to show cause re: preliminary injunction with asset freeze.
the above entitled cause came on regularly at this time today for hearing with parties and counsel present as follows:
the people of the state of california (pl-1) appears by john t mitchell.
no appearance by counsel for defendants or defendants.
*
the court makes the following findings and orders:
motion for preliminary injuction with asset freeze is granted.
order is submitted for review and signature.
5/28/2010 notice of ruling defendant 1 re; quintana law group, apc's motion to be relieved as
Counsel for defendant maxwell, turner & associates, inc's
And; notice of temporary restraining order and order to
Show cause re: preliminary injunction; exhibits

Filed by andres f. quintana, esq

My 99 1/2 year old mother had her retirement account at Smith Barney. Her account manager was told by both her and I in a face to face meeting that she wanted no risk securities and CDs. This week when her account was liquidated to buy an annuity, it was discovered that her account had shrank in value by one third and a significant portion of her money was in... stocks. Which they were specifically told not to do. Just what a 99 1/2 year old woman needs, gambling her money on the stock market during the worst economic downturn since the great depression.

Way to go Smith Barney!

Morgan Stanley lost my companies 401k saving for all our employees.
We were told it would be a safe investment rated AAA
We did not choose anything aggressive in terms of investing. It was supposed to be secure most importantly a safe investment. Morgan Stanley made reckless trades, some trades consisted of selling and rebuying the same investment. They did this to make a commission on the sale and purchase of the same instrument.
There was no point in the buy and sale. It made no money for us, but each time they did that we had to pay the commission fee.