A FINRA arbitration panel awarded $4.2 million to a Mega Millions lottery winner and a retired NFL player after concluding Morgan Stanley (NYSE: MS) failed to supervise a broker who persuaded the pair to move their investments into a Miami Beach nightclub.
On Dec. 26, James Groves, the lottery winner, was awarded $3.32 million and Asante Samuel, the former professional football player, was awarded $879,000. Samuel retired in 2013 after an 11-year NFL career with the New England Patriots, Philadelphia…
