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Jacob Shapira Of Morgan Stanley Has 5 Customer Complaints For Alleged Broker Misconduct

Who is Jacob Shapira of Morgan Stanley?

Jacob Shapira (CRD #1890969) who is currently registered with Morgan Stanley and located in New York, New York is a subject of one of our many securities industry sales practice abuse investigations.

Jacob Shapira Customer Complaints

Jacob Shapira has been the subject of 5 customer complaints that we know about, one of those complaints was filed in the last year to recover investment losses. One of Jacob Shapira’s 5 customer complaints resulted in an arbitration award in favor of the investor. Two of Jacob Shapira’s customer complaints were settled in favor of investors. One of Jacob Shapira’s customers’ complaints was denied and, to date, the customer has not taken any further action. There is currently one pending customer complaint filed against Morgan Stanley for investment losses caused by Jacob Shapira’s alleged misconduct.

Allegations Against Jacob Shapira

A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:

  • Alleged Jacob Shapira recommended investment pattern involving short term trading, extensive use of margin and highly speculative investments, unsuitability, breach of fiduciary duty and unauthorized margin trading.
  • Claimant alleged, inter alia, Jacob Shapira’s unsuitability with respect to investments.
  • Clients alleged that the Puerto Rico bonds, structured products, etc. purchased in account by Jacob Shapira were unsuitable for them.
  • The client alleged Jacob Shapira’s unsuitability with respect to investments.

Jacob Shapira Red Flags & Your Rights As An Investor

Of course, Jacob Shapira did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Jacob Shapira at Morgan Stanley on alert to review carefully the activity and performance of their accounts and question whether Jacob Shapira has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Morgan Stanley also raises questions about the brokerage firms’ supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.

File A Claim To Recover Your Investment Losses At Morgan Stanley Due To Jacob Shapira

If you have questions about Morgan Stanley and/or Jacob Shapira and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.

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Robert Wayne Pearce

Robert Wayne Pearce of The Law Offices of Robert Wayne Pearce, P.A. has been a trial attorney for more than 40 years and has helped recover over $170 million dollars for his clients. During that time, he developed a well-respected and highly accomplished legal career representing investors and brokers in disputes with one another and the government and industry regulators. To speak with Attorney Pearce, call (800) 732-2889 or Contact Us online for a FREE INITIAL CONSULTATION with Attorney Pearce about your case.

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