In an arbitration settlement, Morgan Stanley paid $19,000 to an investor even after he made threatening remarks to one of the firm's brokers, according to Dow Jones Newswires.

Douglas Norman, a 62-year-old retired California corrections officer, threatened to kill both his broker, David C. Mielke, and the broker's lawyer, Tait Graves, for allegedly damaging his $65,000 portfolio during the bear market by investing his money in risky technology stocks and mutual funds. In one instance, Norman made a threatening remark last September while a National Association of Securities Dealers arbitrator was listening in.

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