the bank of racial discrimination has been targeted with a suit from an African-American financial adviser, Kathy Frazier, who accuses Morgan Stanley, as well as making changes last month to its internal arbitration policy to prohibit employees from publicly challenging unfair practises. The law firm that is representing Ms Frazier also successfully represented a Bank of America Merrill Lynch adviser in a similar case in 2013, that resulted in a $160m settlement with Merrill Lynch.
Morgan Stanley has been targeted with a suit from an African-American financial adviser, Kathy Frazier, who accuses the bank of racial discrimination, as well as making changes last month to its internal arbitration policy to prohibit employees from publicly challenging unfair practises. The law firm that is representing Ms Frazier also successfully represented a Bank of America Merrill Lynch adviser in a similar case in 2013, that resulted in a $160m settlement with Merrill Lynch.