Several dozen Morgan Stanley Smith Barney advisers who manage tens of billions of dollars of client money are considering leaving the firm, saying that widespread technology problems have made it very difficult for them to do their jobs, according to people familiar with the matter.
The
group has hired a lawyer to argue that they should be able to keep
lucrative retention payments even if they quit, and they have also
drafted a letter to Morgan Stanley CEO James Gorman outlining their
concerns, though the letter has not yet been sent, the sources said.
MS Puts? hmm
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