There are options for clients of Morgan Stanley broker Stephen Takeda (CRD# 1100052) who suffered real estate investment losses due to investment fraud. He has been registered with Morgan Stanley in Irvine, California since 2009.
Stephen Takeda Customer Complaints
He has been the subject of two customer complaints between 1988 and 2021, according to his CRD report. The most recent complaint was regarding:
November 2021. “Plaintiff alleges, inter-alia, FA solicited an outside real estate investment opportunity that was not authorized by the Firm – 2004 to 2020.” The case is currently pending.
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 Stephen Takeda’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.