New York-based Morgan Stanley broker Jacob Shapira is the subject of several customer complaints. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Shapira (CRD# 1890969).
Jacob Shapira has spent 25 years in the securities industry and has been registered with Morgan Stanley in New York, New York since 2009. Previous registrations include Citigroup Global Markets in New York, New York (1993-2009); Lehman Brothers in New York, New York (1992-1993); Josephthal Lyon & Ross in New York, New York (1991-1992); and Josephthal & Company in New York, New York (1990-1991). He is a registered broker with twelve US states: California, Colorado, Connecticut, Florida, Indiana, Maryland, Massachusetts, Michigan, Nevada, New Jersey, New York, and Oregon.
According to his BrokerCheck report, Jacob Shapira is the subject of three customer complaints and one pending customer complaint.
In January 2016 a customer alleged Jacob Shapira, while employed at Morgan Stanley, recommended unsuitable structured products and Puerto Rico bonds. The customer is seeking $425,068 in damages in the pending complaint.
In 2010 a customer alleged Jacob Shapira, while employed at Citigroup Global Markets, engaged in excessive and unauthorized trading. The complaint settled in 2011 for $175,000.
In 2001 a customer alleged Jacob Shapira, while employed at Salomon Smith Barney, made unsuitable recommendations, breached his fiduciary duty, made highly speculative investments, and engaged in unauthorized margin trading. The complaint settled in 2003 for $1,175,000.
In 1992 a customer alleged Jacob Shapira, while employed at Josephthal Lyon & Ross, misrepresented material facts related to an investment, executed unauthorized trades, failed to supervise, and made unsuitable recommendations. The complaint resulted in an award to the customer of $99,701.
If you have lost money investing with Jacob Shapira, you may be able to recover your losses. Call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. Fitapelli Kurta takes every case on a contingency basis, which means Fitapelli Kurta only gets paid if and when you collect money. By law there may be a limited window to file your claim, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.
This information made public by the Financial Industry Regulatory Authority on March 8, 2016.