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Can I Recover Losses from Former Morgan Stanley Broker Seraphim Rine?

Posted on Tuesday, April 28th, 2020 at 1:45 pm    

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Erez Law is interested in speaking with investors who may have suffered losses due to investments with former Morgan Stanley broker Seraphim Rine (CRD# 4305797) who is alleged to recommend unsuitable investments. Rine has been registered with Raymond James & Associates, Inc. in West Palm Beach, Florida since 2018. Previously, Rine was registered with Morgan Stanley in West Palm Beach, Florida from 2009 to 2018.

Rine has been the subject of two customer complaints between 2009 and 2019, according to his CRD report:

November 2019. “Claimant alleges, inter alia, unsuitability with respect to investments – Oct, 2011 through Feb, 2019.” The customer is seeking $7 million in damages and the case is currently pending. The complaint took place while Rine was registered with Morgan Stanley and was regarding municipal debt and 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 Rine’s customers.

Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If and 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.