Rochester was a subject of the customer's complaint against his member firm that asserted the following causes of action: breach of fiduciary duty and associated misrepresentations; breach of fiduciary; fraud in connection of breach of fiduciary duty; negligent misrepresentation associated with breach of fiduciary duty; breach of suitability rules; breach of diligence rules; breach of know your customer rules; breach of commercial honor and just and equitable principles of trade; fraud in connection with breach of FINRA rules; negligent misrepresentation in connection with FINRA rules; negligence; breach of contract; and breach of covenant of good faith and fair dealing.

$1,238,518.30

The arbitration concerned Claimant's allegation that the Firm violated its obligations by allowing a client to change her beneficiary designation and allowing a limited conservator to withdraw more funds from Firm accounts than what was allowed under the subject conservatorship order. The arbitration did not concern alleged misconduct regarding the underlying investments in the subject Firm account. Mr. Rochester was not named as a party to the action and did not contribute to the award.

CUSTOMER VERBALLY ALLEGED THAT HER FINANCIAL ADVISOR MADE MISREPRESENTATIONS IN 2008 REGARDING A VARIABLE ANNUITY THAT SHE PURCHASED IN SEPTEMBER 2006.

$60,223.78

MORGAN STANLEY'S SETTLEMENT WITH THE CUSTOMER REQUIRED TWO SEPARATE PAYMENTS TO HER; ONE FOR $40,000 MADE ON OCTOBER 30, 2009 AND THE SECOND FOR $20,223.78 MADE ON JANUARY 15, 2010.