Erez Law is currently investigating former Morgan Stanley broker Seth Mason (CRD# 1540891) regarding unsuitable investment recommendations. He was registered with Morgan Stanley in Grand Rapids, Michigan, from 2009 to 2022.
Seth Mason Customer Complaints
He has been the subject of seven customer complaints between 1997 and 2023, one of which was withdrawn and one was denied, according to his CRD report. The most recent complaints were regarding:
May 2023. “Claimant alleged, inter alia, that investments strategy executed in the client’s account were unsuitable – 2017-2023.” The case is currently pending. The complaint was regarding a managed/wrap account.
September 2020. “Client alleged unsuitability with respect to unit investment trust and mutual fund investments in her account – October 2013 to August 2020.” The case was settled for $11,881. The complaint was regarding mutual funds and unit investment trusts (UITs).
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 Seth Mason’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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