Morgan Stanley broker Philip Stair (CRD# 4645877) is accused of investment losses related to corporate debt. He has been registered with Morgan Stanley in Alpharetta, Georgia, since 2014.
Philip Stair Customer Complaints
He has been the subject of two customer complaints between 2008 and 2023, one of which was closed without action, according to his CRD report:
December 2023. “Claimant alleges, inter alia, misrepresentation with respect to failure to disclose the risks associated with corporate bond investments – 2022.” The customer is seeking $400,000 in damages, and the case is currently pending. The complaint was regarding corporate debt investment losses.
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 Philip Stair’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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