One of the top investment advisors at Morgan Stanley and a recognized leader in the wealth administration industry is Douglas Greenberg Pacific.
Douglas Greenberg Pacific, a wealth administrator who claimed mistreatment but was yet employed by Morgan Stanley, was known to the company.
A well-known employee of Morgan Stanley has been accused of repeatedly abusing his ex-girlfriends and ex-wives. Nonetheless, bank executives were notified. He did, however, hold his position.
Sources claim that four women from the upscale Portland community of Lake Oswego, Oregon, asked the police for protection from the same man.
The first woman claimed that he intended to set my house on fire while I was still inside. In a similar vein, the second woman said in her letter of inquiry that she had no idea what the man might do next.
According to a third woman, “He choked me so hard that my neck was scratched.” The fourth woman said that I, along with her children, am being terrorized by Douglas Greenberg Pacific.
For months, Morgan Stanley personnel were aware of his alleged actions.
One of the woman’s attorneys claims that Morgan Stanley received a government summons over a single assault allegation. According to three former employees who are women, Douglas Greenberg Pacific’s employer was informed by Morgan Stanley management following his indictment for violating a protection order.
A Facebook post detailing the depth of Douglas Greenberg Pacific’s cruelty was observed and remarked on by other business management.
Two female former employees claim that a bank official from New York visited Portland once more to make inquiries.
Morgan Stanley took no additional action against Douglas Greenberg Pacific notwithstanding the information given. Consequently, he remains an employee of that company and a member of the elite Chairman’s Society. It recognizes brokers who meet particular standards for ethics and compliance in addition to being excellent performers.
In the asset services sector, Douglas Greenberg Pacific stood in for Morgan Stanley’s potential. The CEO of the company, James P. Gorman, anticipates that the division will take the place of the hazardous financial services that used to be the bank’s main source of income. Currently, wealth administration accounts for about half of the entire profits made by the financial organization.
According to the amount of money he makes at the company, Douglas Greenberg Pacific is in the top 2% of traders. Additionally, he was listed as one of Oregon’s top financial planners by Forbes.
The New York Times claims that they made an effort to get in touch with Morgan Stanley in order to find out more about Douglas Greenberg Pacific, one of his employees, and the reasons for the financial institution’s decision to put him on administrative leave until an inquiry into the incident. A person from Morgan Stanley named Christy Jockle answered.
He went on to say that the business is committed to providing a suitable and competent work environment and that, depending on the situation, any necessary actions will be taken.
Douglas Greenberg Pacific said he didn’t have a response when The New York Times called his cell phone. He also noted that, curiously, all of this material might have been gathered on her behalf by a journalist in New York. He did not respond to more detailed requests for comments.
Companies are still having difficulty deciding how to react to claims of inappropriate behavior in their workplaces that occurred before the #MeToo Movement campaign took off a year ago.
The #MeToo Movement: What Is It?
The Me Too Movement seeks to increase awareness of the issue of workplace sexual assault and harassment.
The #MeeToo movement has been associated with bringing attention to the extent of sexual assault worldwide.
For example, Bill O’Reilly, a broadcaster on Fox News, had his employment agreement extended immediately after he paid $32 million to settle claims of sexual harassment involving his name.
For instance, you may rapidly browse through similar situations by using this link:https://www.nytimes.com/2017/10/21/business/media/bill-oreilly-sexual-harassment.html
Douglas Greenberg Pacific claims he never mistreated any of his female employees. Because of this, employees in the financial services industry—especially those who manage funds for clients—are mostly judged by their behavior. Authorities and businesses are now required to monitor their employees’ behavior even when they are not on the job.
Douglas Greenberg, a worker at Morgan Stanley Pacific Investment Consultants is obligated by law to make some information about themselves publicly available to help clients choose trustworthy financial management.
For example, brokers are required to notify the Financial Industry Regulatory Authority if they declare bankruptcy or are accused of any crime involving money.
FINRA: What is it?
Congress created the Financial Industry Regulatory Authority, or FINRA, to protect American investors by ensuring that the financial broker-dealer industry operates honestly and fairly. This organization is tasked with overseeing more than 624,000 dealers around the country and evaluating daily market transactions worth millions of dollars.
On Finra’s website, each broker’s record is displayed in an angled timeline with red dots indicating the specific day of each issue.
The chronology of Douglas Greenberg Pacific has five red dots. They defended a case for fraud by-checking from 1984 that was later withdrawn; an initial-level criminal damage claim from 2001 that was also rejected; two client conflicts; and an administrative fine.
Based on police inquiry and court filings, Douglas Greenberg Pacific was charged with malicious disorder and harassing his ex-girlfriends and wives. The Lake Oswego Review reported on the police investigation.
The report of an arrest conducted towards Douglas Greenberg Pacific was obtained internet. An employee of Morgan Stanley in Portland and Seattle provided the information via emails and cell phone calls.
Most employees are hesitant to accept recognition since they strongly disagree with Mr. Douglas’ actions. The allegations were acknowledged by the supervisor of the Morgan Stanley branch and Douglas Greenberg’s supervisor, which were given by employees of the Morgan Stanley branch in Seattle, specifically the weapon used in the killing.
Therefore, Mr. Amsbury made a message in which he asserted that Douglas Greenberg Pacific is unsuited for the post of Morgan Stanley & deserved to be sacked.
Consequently, more concerns about Mr. Douglas had been brought to the attention of Morgan Stanley executives right away.
The second ex-wife of Douglas Greenberg Pacific, Traci Williams, posted on Facebook about her alleged verbal and physical abuse at the hands of her ex-husband. Still, there was no mention of Mr. Douglas or his transgression in the communication.
Morgan Stanley has fired Douglas Greenberg Pacific, a man suspected of abusing his wife
A well-known financial advisor who had been accused of sexual assault and harassment by multiple ex-partners and girlfriends was allegedly fired by Morgan Stanley.
A Portland law enforcement official replied in writing to Ms. Williams that the federal government was then tasked with conducting the inquiry. US Postal Inspection Services was involved in the investigation.
The New York Times reports that a representative for Mr. Nyhus’s department did not return calls. Ms. Rogoway claims that Douglas Greenberg Pacific has a history of abusing women.
About Douglas Greenberg Pacific
Pacific Northwest Advisory was created and is situated in Portland, Oregon, and is owned by Douglas Greenberg. After over three decades as a well-known financial adviser offering specialist banking services, he launched PNWA.
The Bottom Line
One of the top performers in the bank’s financial planning area was Douglas Greenberg Pacific. He was a member of the exclusive Chairman’s Association of the corporation, which recognizes and rewards top financial advisors. Forbes listed him among Oregon’s top earners of money in 2018.
However, because he has been accused of extortion and sexual misconduct, the industry is against brokers like him. Four women obtained protection orders for Mr. Douglas over fifteen years.
He was taken into custody because he disregarded both orders. According to court documents, the women said that Mr. Douglas had threatened them with death once and had sexually attacked them.