If Having An Affair With Her Married, Wheelchair-Bound, Now Dead Client And Executing 12,000 Unauthorized Trades On His Behalf Is Wrong, Morgan Stanley Broker (Allegedly!) Doesn't Wanna Be Right

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As you can maybe imagine, Ami Forte (AKA the broker) and Lynnda Speer (AKA the widow) are not exactly seeing eye to eye on this one.

A high-profile Morgan Stanley broker’s alleged 12-year affair with a co-founder of the Home Shopping Network is at the center of a $400 million legal dispute...The broker, Ami Forte, had a long affair with the married Roy Speer, who died in August 2012, according to Speer’s widow. Forte, along with at least one other member of her investment team, made 12,000 unauthorized trades and pocketed $40 million in fees during the last five years of Speer’s life, his widow claimed to an industry regulator. For much of the last five years of the affair, Speer used a wheelchair and was in a “significant diminished mental capacity,” the widow’s lawyers assert.

Luckily for Ami and anyone else who's perhaps found themselves in a similar position with a client...

The bank’s code of conduct does not explicitly state that romantic relations between its advisers and their clients run afoul of the bank’s rules, according to its 2015 policy on its website.

Sure, you may run into some issues with regards to that $40 million in (allegedly!) bogus fees, but you can have all the affairs you want.

‘Morgan Stanley adviser slept with my husband, milked account for fees’ [NYP]

Related

At Height Of Financial Crisis, One Morgan Stanley Employee Stood Up For Her Rights

Specifically, her rights to Perrier on the company dime. It's unclear what this woman's name is so moving forward she'll simply be referred to as The One With Brass Balls And A Dislike Of Tap. The daily Seamless stipend is considered sacred for employees, and any abuse of the system appears generally overlooked by higher-ups. When Lehman Brothers went under, for instance, Morgan Stanley lowered the Seamless limit from $30 to $25, much to the anger of workers. "People went nuts," recalls a former employee. "Every so often there were these fireside chats with [Morgan Stanley CEO] John Mack 'Da Knife' and a collection of analysts. One of the women on the call asked Mack to raise the limit to $30 again. Mack, not really having paid much attention to expenses, was surprised to hear it had been reduced. Concerned, he asked her why she needed $30 instead of just $25. She said that with the new reduction, 'I can't order my Perrier anymore.'" The next day, as legend has it, there was an entire case of Perrier on her desk--courtesy of John Mack. In related news, the Morgan Stanley Seamless stipend is currently at $20. And while filing formal complaints at the top might have worked when MS was a free-for-all orgy of sparkling water and Italian pastries and whatever else your heart desired,** anyone considering pleading his/her case to James Gorman re: why this just won't do should also think about boxing their shit up first, lest a hasty exit be necessary. How Wall Street Bankers Use Seamless To Feast On Free Lobster, Steak, And Beer [Fast Company] **Particularly if what your heart desired was a pair of fierce as fuck shoes.