Douglas E. Greenberg

Douglas E. Greenberg is a broker for Morgan Stanley who is currently on administrative leave.[1] Greenberg received national media attention when it was reported by The New York Times in March 2018 that four women from Lake Oswego, Oregon had sought police protection against him over a 15-year period for allegations of harassment, threats, and assault.[2][3][4] According to the report, executives at Morgan Stanley were aware of the allegations, and knew of at least two arrests and a federal subpoena against Greenberg, but did not take any action.[5] One ex-girlfriend received a restraining order on Greenberg in 2014 after he threatened to kill her by burning down her house. Soon after, Greenberg was arrested for following her in her car and his mugshot was seen by many employees and passed between officials at Morgan Stanley. Greenberg had previously been charged for violating another restraining order against a different ex-girlfriend, and had pleaded no contest to a misdemeanor charge of criminal trespassing. In 2016, Morgan Stanley offices received federal subpoenas regarding allegations of abuse involving Greenberg's ex-wife in 2016.[2] The story has been called a #MeToo moment for Portland's financial service industry.[4]

Before the NYT report was released, Greenberg managed tens of millions of dollars for Morgan Stanley and had made the 2018 Forbes list for top wealth advisors in Oregon.[2][6] After the report, a representative for Morgan Stanley said Greenberg was on “administrative leave pending further review of this situation.” Greenberg had no comment.[2]

Biography

Greenberg has been accused of crimes that have been dismissed, including theft by check in 1984, and criminal mischief in the first degree in 2001. He has also gone to court with two disputes with clients, and had received a regulatory penalty. [2]

In 2000, Greenberg admitted to calling a colleague's business associate and inaccurately saying the colleague was known for shady business practices, though Greenberg wasn't charged with defamation due to the statute of limitations.[2] In late 2006, Greenberg was charged with criminal mischief and harassment after violating a restraining order taken out by his ex-girlfriend. He pleaded no contest to a misdemeanor charge for criminal trespassing.[2]

In 2010, Greenberg was fined $10,000 after trading securities in a client account without permission from the client or firm.[7]

In 2014, a different ex-girlfriend got a restraining order on Greenberg after he threatened to burn down her house. Soon after he was arrested for following her in his car.[2] Greenberg's mugshot was shared among Morgan Stanley employees and officials, and former vice president Jani Beatty said, "Everybody knew,” adding, “I considered him my friend until I understood the full extent of his actions against his intimate partners.”[2] Greenberg's boss Paul Amsbury told the regional director Curtis Peterson that Greenberg should be dismissed, but no action was taken.[2]

In June 2015, Traci Williams, one of Greenberg's ex-wives, detailed allegations of physical and verbal abuse by Greenberg in a Facebook post.[8] Greenberg's lawyer complained about the post, and a Morgan Stanley manager "liked" the post and offered words of support to Williams.[2] That summer, WIlliams alleges she started receiving threatening messages in the mail. Greenberg was the top suspect. Federal authorities showed up at Mr. Greenberg’s office at Morgan Stanley in early 2016 to serve a subpoena which was related to the investigation.[8] On March 1, 2018, assistant United States attorney Greg Nyhus told Williams' attorney his office was reviewing documents obtained from several subpoenas.[2]

It made headlines when Greenberg's Twitter account continued to tweet investment advice after he was put on leave by Morgan Stanley.[3]

References

  1. ↑ "Morgan Stanley 'knew of abuse claims against top-earning broker'". Mail Online. Retrieved 2018-03-29.
  2. 1 2 3 4 5 6 7 8 9 10 11 12 Flitter, Emily (2018-03-28). "Morgan Stanley Knew of a Star's Alleged Abuse. He Still Works There". The New York Times. ISSN 0362-4331. Retrieved 2018-03-29.
  3. 1 2 "Disgraced broker still tweeting to clients with tax advice". New York Post. 2018-03-29. Retrieved 2018-03-29.
  4. 1 2 "Morgan Stanley knew of abuse allegations against Lake Oswego broker: report". OregonLive.com. Retrieved 2018-03-29.
  5. ↑ "Morgan Stanley's executives knew of an employee's alleged abuse, he still works there". Toronto Star. Retrieved 2018-03-30.
  6. ↑ "Best-In-State Wealth Advisors". Forbes. Retrieved 2018-03-29.
  7. ↑ Barlyn, Suzanne. "Broker-client handshake not enough, FINRA wants paperwork". U.S. Retrieved 2018-03-29.
  8. 1 2 "Morgan Stanley failed to act on sexual assault complaints about top broker for 15 years". New York Post. 2018-03-29. Retrieved 2018-03-29.
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