There are options for customers of Morgan Stanley broker Jacob Shapira (CRD# 1890969) who suffered investment losses. Shapira has been registered with Morgan Stanley in New York, New York since 2009.
Shapira has been the subject of five customer complaints between 2003 and 2020, one of which was denied, according to his CRD report. The most recent complaint is regarding:
July 2020. “Claimant alleges, inter alia, unsuitability with respect to investments – January 2015 – Mar, 2020.” The customer sought $3,116,803 in damages and the customer was granted damages in the amount of $782,278.90. The complaint was regarding common and preferred stocks.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Morgan Stanley may be liable for investment or other losses suffered by Shapira’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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