{"id":32094,"date":"2026-11-12T22:41:22","date_gmt":"2026-11-13T04:41:22","guid":{"rendered":"https:\/\/www.investorlawyers.com\/blog\/?p=32094"},"modified":"2026-11-12T22:41:22","modified_gmt":"2026-11-13T04:41:22","slug":"securities-law-firm-11-2026","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/securities-law-firm-11-2026\/","title":{"rendered":"Senior Investor Wants to Pursue $5M in Damages"},"content":{"rendered":"

Retiree Accuses Morgan Stanley of Elder Financial Abuse from Covered Call Strategy Involving NVIDIA and Apple Shares<\/strong><\/p>\n

A 77-year-old retiree wants to file a $5,000,000 FINRA<\/a> arbitration case against\u00a0Morgan Stanley<\/a>. He contends that he was the victim of unsuitability, elder financial abuse, and breach of fiduciary duty involving the broker-dealer and its\u00a0financial advisor\u00a0\u00a0Nicholas Samuel Westendorf<\/a>. This senior investor claims that his funds were exposed to a\u00a0covered call strategy<\/a>\u00a0that he didn\u2019t fully understand but he believed was supposed to protect his stock. However, he alleges, after he said in writing he wanted out, Morgan Stanley\u00a0kept rolling his options for four more years. Eventually, his Apple and NVIDIA shares were called away.<\/p>\n

This is an investor who says he made it very clear that he wanted to protect his shares. He also was new to covered call trading. He was billed six-figures for taxes on the gains. Morgan Stanley and his broker-dealer earned substantial commissions.<\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

Retiree Accuses Morgan Stanley of Elder Financial Abuse from Covered Call Strategy Involving NVIDIA and Apple Shares A 77-year-old retiree wants to file a $5,000,000 FINRA arbitration case against\u00a0Morgan Stanley. He contends that he was the victim of unsuitability, elder financial abuse, and breach of fiduciary duty involving the broker-dealer and its\u00a0financial advisor\u00a0\u00a0Nicholas Samuel Westendorf. […]<\/p>\n","protected":false},"author":2,"featured_media":32095,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_post_was_ever_published":false},"categories":[3762,4055,5556],"tags":[5183],"class_list":["post-32094","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-current-investigations","category-featured-investigation","category-securities-law-firm","tag-securities-law-firm"],"yoast_head":"\nSecurities Law Firm - Shepherd Smith Edwards and Kantas<\/title>\n<meta name=\"description\" content=\"A national securities law firm represents retirees in FINRA claims over unsuitable covered call options strategies. 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