Broker claws back $1.2 million from Morgan Stanley in ‘significant’ promissory note case
![](https://s32566.pcdn.co/wp-content/uploads/2019/10/FREE_151209951_AR_-1_ZPHBOPNMXLFT-2-951x634.jpg.optimal.jpg)
Ex-Morgan Stanley broker now only has to pay about half of $2.9 million he was originally ordered to pay by Finra arbitrators.
Finra arbitrators cut by almost half a $2.9 million claim by Morgan Stanley against a broker for allegedly failing to pay back a loan from the firm.
A Financial Industry Regulatory Authority Inc. arbitration panel recently ruled that Matthew Joseph Celenza, a former Morgan Stanley broker, must pay t
Learn more about reprints and licensing for this article.