Options for Clients of E1 Asset Management, Inc. Broker Shaun Grimaldi

E1 Asset Management, Inc.

Were you the victim of E1 Asset Management, Inc. broker Shaun Grimaldi (CRD# 4529021)?. He has been registered with E1 Asset Management, Inc. in Jersey City, New Jersey, since 2003.

Shaun Grimaldi Customer Complaints

He has been the subject of five customer complaints between 2011 and 2023, one of which was closed without action, according to his CRD report. The most recent complaints are regarding:

June 2023. “The beneficiary who inherited the account after the original account owner passed away is claiming there was mismanagement of the deceased funds. Allegations are as per arbitration claim.” The case is currently pending. 

May 2023. “Allegations per arbitration filing.” The customer is seeking $4 million in damages, and the case is currently pending. The complaint was regarding equity OTC, options, and common and preferred stock losses.

April 2015. “Customer alleges misrepresentation and unsuitable investment recommendations from 2006 to 2008.” The customer sought $240,000 in damages, and the case was settled for $7,500. The complaint was regarding options and common and preferred stock 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, E1 Asset Management, Inc. may be liable for investment or other losses suffered by Shaun Grimaldi’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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Author: Jeffrey Erez

The founder of Erez Law, Jeffrey Erez, focuses exclusively on securities arbitration and litigation. Mr. Erez passionately believes in representing aggrieved investors and obtaining justice for his clients through litigation.