Seraphim M. Rine (also known as Sam Rine), of West Palm Beach, Florida, a stockbroker formerly registered with Morgan Stanley, is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer requested $7,000,000.00 in damages based upon accusations of Rine’s unsuitable trading of common and preferred stock and municipal debt products between October of 2011 and February of 2019 during the period that Rine was registered with Morgan Stanley Smith Barney. Financial Industry Regulatory Authority (FINRA) Arbitration No. 19-03096 (November 27, 2019).
Rine has been previously accused of sales practice violations at a securities broker dealer. FINRA Public Disclosure shows that on December 2, 2018, a customer initiated investment related complaint involving Rine’s conduct was resolved for $10,660.11 in damages founded on allegations of Rine making unauthorized equities trades in the customer’s Morgan Stanley account.
Rine was registered with Morgan Stanley between June 1, 2009, and September 17, 2018. He has been registered with Raymond James Associates as a stockbroker and investment adviser representative since September 14, 2018.
