##  [# Is Morgan Stanley Wrong to Let Advisors Sell Bitcoin ETFs?](/sections/advisor-center/morgan-stanley-wrong-let-advisors-sell-bitcoin-etfs) 

 

# Is Morgan Stanley Wrong to Let Advisors Sell Bitcoin ETFs?

 

 

John Reed Stark, former SEC enforcement chief, is warning advisors that selling bitcoin ETFs invites regulatory scrutiny.



 

 

 

 

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[By Advisor Insider Podcast](/authors/advisor-insider-podcast)

 Aug 16, 2024

 Edited by: Kent Thune 

 

 

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In this special episode of the Advisor Insider podcast, we unpack the controversy surrounding Morgan Stanley’s decision to let its 15,000 wealth advisors start soliciting clients to purchase [spot bitcoin ETFs](https://www.etf.com/topics/spot-bitcoin).

As Morgan Stanley becomes the first major brokerage firm to let advisors sell two of the largest spot bitcoin ETFs to clients, vocal crypto critic John Reed Stark has taken to social media to warn of a wave of regulatory scrutiny heading toward Morgan Stanley.

Stark, a former chief of the SEC’s office of Internet enforcement, said by letting advisors actively sell bitcoin ETFs to investors, Morgan Stanley will experience “the biggest SEC and Finra sweep in history.”

The backlash to Stark’s comments has been equally aggressive, but Stark is not backing down from his claims of doom and gloom for advisors adding crypto to investor portfolios.



 

 

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 [ Advisor Insider Podcast ](/authors/advisor-insider-podcast) 

 

 

  Join etf.com’s Wealth Management Editor, Jeff Benjamin, and special guests from the ETF industry in discussions that cater to financial advisors…   [View Bio](/authors/advisor-insider-podcast)

 



 

 


 Related Topics  [Advisor Center](http://www.etf.com/topics/advisor-center-0) 

 [Spot Bitcoin](http://www.etf.com/topics/spot-bitcoin) 

 [Bitcoin](http://www.etf.com/topics/bitcoin) 

 [Crypto](http://www.etf.com/topics/cryptocurrency)