Morgan Stanley Hit With $20M Retaliatory-Firing Suit

By Cara Salvatore (August 27, 2015, 7:50 PM EDT) -- Morgan Stanley was sued for $20 million on Thursday by two former brokers who say they were fired in retaliation for bringing up fraud and illegal activity at the megabank.

Jaime Feldman-Boland and James Boland, former employees in the bank's financial advisory and wealth management departments, say their terminations were violations of federal whistleblower protections under the Dodd-Frank Act.

The married couple were FINRA-registered financial advisers; Feldman had five securities series licenses and Boland three, according to the complaint. Feldman joined Morgan Stanley in 2008 and Boland in 2010.

Feldman said she was seated immediately next to colleagues who she couldn't help...

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