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DOJ Wants Morgan Stanley, DOL Opinion Dispute Tossed

By Katryna Perera ( March 12, 2026, 8:41 PM EDT) -- The U.S. government has moved to dismiss a suit from former Morgan Stanley financial advisers challenging a U.S. Department of Labor advisory opinion that said the bank's deferred compensation plans likely aren't covered by federal benefits law, with the advisers responding by saying the agency's finding is hurting them because the bank is using it in arbitration proceedings....

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