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Former Morgan Stanley broker barred for unauthorized borrowing from clients

The broker borrowed $300,000 total from two clients in violation of Finra rules and firm policy.

A former Morgan Stanley broker has been barred from association with any Finra-regulated broker-dealer following receipt of two unauthorized loans from clients worth several hundred thousand dollars, according to a Finra enforcement notice filed Sept. 30.
The broker, Jeffrey Hunter Smith, borrowed $

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