A California barber taught himself stock trading and built a $19 million fortune; after his death, his family accused Morgan Stanley of financial elder abuse, and an appeals court has revived key claims
- Maurice Voce spent decades learning the stock market on his own, building a $19 million fortune through stock-options trading while working as a barber.
- But in the final years of his life, as his family became concerned about his declining cognitive health, questions emerged about whether the financial professionals managing his investments were adequately protecting his interests.
- Now, more than a decade after his death at 93, a California appeals court has revived key claims brought by his family against Morgan Stanley and financial adviser John Privitelli.
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- Maurice Voce spent decades learning the stock market on his own, building a $19 million fortune through stock-options trading while working as a barber.
- But in the final years of his life, as his family became concerned about his declining cognitive health, questions emerged about whether the financial professionals managing his investments were adequately protecting his interests.
- Now, more than a decade after his death at 93, a California appeals court has revived key claims brought by his family against Morgan Stanley and financial adviser John Privitelli.
Sources: Times of India