{"id":5956,"date":"2018-05-14T16:49:17","date_gmt":"2018-05-14T20:49:17","guid":{"rendered":"https:\/\/www.silverlaw.com\/blog\/?p=5956"},"modified":"2018-05-14T16:49:17","modified_gmt":"2018-05-14T20:49:17","slug":"silver-law-group-is-investigating-james-s-polese-of-morgan-stanley-smith-barney","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/silver-law-group-is-investigating-james-s-polese-of-morgan-stanley-smith-barney\/","title":{"rendered":"Silver Law Group is Investigating James S. Polese of Morgan Stanley Smith Barney"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-medium wp-image-4822\" src=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/South-Florida-Broker-Giovanni-Acevedo-Accused-of-Converting-Funds-and-Providing-False-Information-to-FINRA-300x198-300x198.jpg\" alt=\"South-Florida-Broker-Giovanni-Acevedo-Accused-of-Converting-Funds-and-Providing-False-Information-to-FINRA-300x198-300x198\" width=\"300\" height=\"198\" srcset=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/South-Florida-Broker-Giovanni-Acevedo-Accused-of-Converting-Funds-and-Providing-False-Information-to-FINRA-300x198.jpg 300w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/South-Florida-Broker-Giovanni-Acevedo-Accused-of-Converting-Funds-and-Providing-False-Information-to-FINRA-300x198-182x120.jpg 182w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>Silver Law Group is currently investigating Boston, MA and New York, NY based broker James S. Polese regarding complaints pertaining to failure to provide due diligence to investor clients, <a href=\"https:\/\/www.silverlaw.com\/misrepresentation-omission-of-material-facts.html\" target=\"_blank\">misrepresentation<\/a> regarding client fees and security of investments, and misappropriation of client funds.<\/p>\n<p>Based on FINRA\u2019s BrokerCheck report on Polese, a complaint was filed on January 31, 2018 alleging that Polese provided misleading information to investor clients during his employment at Morgan Stanley Smith Barney. In 2016, Polese and his colleague Cornelius Peterson stole nearly $450,000 from one elderly client by misappropriating $350,000 of the client\u2019s funds and using $100,000 of those funds to make investments in his own name and then directly taking the remaining $250,000 to his own personal bank account. In addition, Polese withdrew in excess of $93,000 of unauthorized withdrawals from the client\u2019s account to pay his credit card expenses and children\u2019s college tuition. The total in damages is yet to be decided as one of the actions is still pending.<\/p>\n<p>Polese was previously employed at Morgan Stanley Smith Barney from 2010 to 2017. He has been employed at UBS Financial Services from 2004 to 2010.<\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.silverlaw.com\/blog\/silver-law-group-is-investigating-james-s-polese-of-morgan-stanley-smith-barney\/\"  title=\"Continue Reading Silver Law Group is Investigating James S. Polese of Morgan Stanley Smith Barney\" class=\"more-link\">Continue reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Silver Law Group is currently investigating Boston, MA and New York, NY based broker James S. Polese regarding complaints pertaining to failure to provide due diligence to investor clients, misrepresentation regarding client fees and security of investments, and misappropriation of client funds. Based on FINRA\u2019s BrokerCheck report on Polese, a complaint was filed on January [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[582,591,590,580],"tags":[825,826,290],"class_list":["post-5956","post","type-post","status-publish","format-standard","hentry","category-elder-fraud","category-misappropriation","category-misrepresentation-and-omission-of-material-facts","category-stockbroker-misconduct","tag-james-polese","tag-morgan-stanley-smith-barney","tag-securities-arbitration"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Silver Law Group is Investigating James S. Polese of Morgan Stanley Smith Barney &#8212; Securities Arbitration Lawyers Blog &#8212; May 14, 2018<\/title>\n<meta name=\"description\" content=\"Silver Law Group is currently investigating Boston, MA and New York, NY based broker James S. Polese regarding complaints pertaining to failure to provide &#8212; May 14, 2018\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.silverlaw.com\/blog\/silver-law-group-is-investigating-james-s-polese-of-morgan-stanley-smith-barney\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Silver Law Group is Investigating James S. Polese of Morgan Stanley Smith Barney &#8212; Securities Arbitration Lawyers Blog &#8212; May 14, 2018\" \/>\n<meta name=\"twitter:description\" content=\"Silver Law Group is currently investigating Boston, MA and New York, NY based broker James S. Polese regarding complaints pertaining to failure to provide &#8212; May 14, 2018\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/South-Florida-Broker-Giovanni-Acevedo-Accused-of-Converting-Funds-and-Providing-False-Information-to-FINRA-300x198.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Silver Law Group\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Silver Law Group is Investigating James S. Polese of Morgan Stanley Smith Barney &#8212; Securities Arbitration Lawyers Blog &#8212; May 14, 2018","description":"Silver Law Group is currently investigating Boston, MA and New York, NY based broker James S. 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Polese regarding complaints pertaining to failure to provide &#8212; May 14, 2018","twitter_image":"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/South-Florida-Broker-Giovanni-Acevedo-Accused-of-Converting-Funds-and-Providing-False-Information-to-FINRA-300x198.jpg","twitter_misc":{"Written by":"Silver Law Group","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.silverlaw.com\/blog\/silver-law-group-is-investigating-james-s-polese-of-morgan-stanley-smith-barney\/#article","isPartOf":{"@id":"https:\/\/www.silverlaw.com\/blog\/silver-law-group-is-investigating-james-s-polese-of-morgan-stanley-smith-barney\/"},"author":{"name":"Silver Law Group","@id":"https:\/\/www.silverlaw.com\/blog\/#\/schema\/person\/de64d999508b1ad10d608a99f0d2e752"},"headline":"Silver Law Group is Investigating James S. 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