90-Year-Old Morgan Stanley Advisor Charged With Shooting Co-Worker

A 90-year-old financial advisor has been arrested and charged with shooting his business partner in the firm’s office in Oklahoma City.

Morgan Stanley confirmed it terminated the suspect’s employment on Friday.

Andrew Harrer/Bloomberg

The advisor, Leonard Bernstein, allegedly entered the building on Thursday, walked into the office of Chris Bayyouth, and began firing, hitting Bayyouth multiple times.

Bernstein has been charged with shooting with intent to kill, according to a spokeswoman for the Oklahoma City Police Department. He is out of jail on a $50,000 bond, according to local news outlet News On 6.

Officials said the shooting occurred after a shoving match between Bernstein and Bayyouth, according to another local report, from KTUL.

A police officer who arrived on the scene said Bayyouth may have been shot as many as five times, with injuries sustained to his torso, back, leg, and foot.

“Chris was laying on the floor behind his desk, and he was conscious and alert,” Officer Travis Ratcliffe wrote in an incident report obtained by Barron’s Advisor. “I asked Chris who did this to him, and he replied ‘Leonard Bernstein.’ Chris said Leonard works here, and they are (business) partners. I asked Chris what happened prior to the shooting. He said Leonard said he was going for a walk in the park and shot him.”

Police apprehended Bernstein after a traffic stop near the office building where the shooting occurred.

“There were several witnesses there that indicated that the suspect had walked in, fired several rounds at that victim, left in his own personal vehicle,” said Sgt. Dillon Quirk of the Oklahoma City Police Department, according to local news outlet KFOR. “They gave a name and a vehicle description.”

Bayyouth was taken to the hospital and is expected to survive.

“We are cooperating with the authorities and our thoughts are with our employee,” a Morgan Stanley spokeswoman said in an email. She confirmed that the firm terminated Bernstein on Friday.

Bernstein has been facing declining health and had transferred his client accounts to the Bayyouth, according to News On 6.

A message left with a cell phone number listed as Bernstein’s in the police incident report was not immediately returned. It is not clear whether Bernstein has retained a lawyer.

Bernstein had worked at Morgan Stanley since August 2021, according to the online database BrokerCheck. Before that, he had worked for nine years at Wells Fargo and served two earlier stints with Morgan Stanley in a career that began in 1994.

Bayyouth has been with Morgan Stanley since 1995, according to BrokerCheck. Both he and Bernstein are dually registered as investment advisors.

Write to advisor.editors@barrons.com

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