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Eriz Yarin, Morgan Stanley Broker, Involved in Nearly $6 Million Investor Dispute

Eriz Yarin (CRD#: 2441778), a registered representative with Morgan Stanley (CRD#: 149777) in New York, New York, is currently involved in an investor dispute in which a customer is seeking nearly $6 million in damages, according to his BrokerCheck record accessed on July 21, 2020. What happened to lead to this multi-million dollar dispute? Read on to learn more. 

Eriz Yarin

On May 21, 2020, Eriz Yarin became involved in an investor dispute. A client is alleging that securities in his managed account were liquidated without his authorization. According to the client, this resulted in his losses being “locked in” and prevented him from participating in the appreciation of the market. The activity in question occurred in March 2020. The client is seeking $5,879,124 in damages. The dispute is pending.

This recent multi-million dollar customer dispute is not the only disclosure on Eriz Yarin’s BrokerCheck record. On January 6, 2020, a client alleged that Eriz Yarin recommended an unsuitable options strategy and misrepresented said strategy. The client is seeking $160,000 in damages. The activity in question began in 2017. The dispute is pending. 

Eriz Yarin has passed the Series 65 – Uniform Investment Adviser Law Examination, the Series 63 – Uniform Securities Agent State Law Examination, the SIE – Securities Industry Essentials Examination, the Series 3 – National Commodity Futures Examination, and the Series 7 – General Securities Representative Examination. He is a registered representative and Registered Investment Adviser (RIA) in Florida, New Jersey, and Texas. He is also licensed to sell securities in Arizona, California, Connecticut, Georgia, Maryland, Massachusetts, New Hampshire, New York, North Carolina, Pennsylvania, Utah, Virginia, and Wyoming. 

Eriz Yarin has worked in the securities industry for more than 25 years. Over his 26-year career in the securities industry, Eriz Yarin has worked for four firms. In addition to Morgan Stanley (CRD#: 149777) in New York, New York, he has also worked for:

  • UBS Financial Services, Inc. (CRD#: 8174)
  • Morgan Stanley & Co. Incorporated (CRD#: 8209)
  • Oppenheimer & Co., Inc. (CRD#: 630)

If Eriz Yarin was your broker and you have questions about your investments, don’t hesitate to contact the securities attorneys of Fitapelli Kurta to learn more about your options for investment loss recovery. Call (877) 238-4175 or email info@fkesq.com for your free case consultation with a securities attorney. 

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