Tom Marsico is at odds with a Morgan Stanley Smith Barney advisor over an accident in July in which Marisco's son-in-law was hit by a Mercedes, Dow Jones Newswires' Al Lewis reports.

The advisor, Martin Erzinger, is reportedly the driver of the 2010 Black Mercedes that hit Marsico's son-in-law, Dr. Steven Milo, while bicyling in Vail, Colorado. According to Marsico's camp, Erzinger fled the scene. Erzinger's camp claims he didn't know he had hit anyone.

Erzinger pleaded guilty to two misdemeanors and was sentenced to one-year probation.

Marsico also called out Erzinger for failing to report a felony charge against him to FINRA.

"I also put the blame on Morgan Stanley because they're not following up on this," Marsico was quoted as saying.

A Morgan Stanley spokesperson told Lewis that the firm was in contact with FINRA on this matter as early as last July, and we believe we have met all reporting responsibilities."

Lewis writes in his article: "Erzinger was initially charged with a felony, but struck a plea bargain for misdemeanors. As a sentencing requirement, Judge Fred Gannett ordered Erzinger to report to FINRA that he'd been charged with a felony. As of Monday, this was still not noted on FINRA's website." 

Edited by: Armie Margaret Lee


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