There are options for customers of National Securities Corp. broker Shaun Stein (CRD# 4873578) who suffered investment losses due to unsuitable investment recommendations. Stein has been registered with National Securities Corp. in Jersey City, New Jersey since 2014.
Stein has been the subject of five customer complaints between 2012 and 2020, one of which was denied and one was closed without action, according to his CRD report:
- May 2020. “Suitability.” The customer is seeking $750,000 in damages and the case is currently pending. The complaint was regarding equity OTC, real estate securities, and private placements.
- March 2020. “Suitability.” The customer is seeking $100,000 in damages and the case is currently pending. The complaint was regarding private placements.
- July 2015. “Churning and mishandling of account.” The customer is seeking $60,000 in damages and the case is currently pending.
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, National Securities Corp. may be liable for investment or other losses suffered by Stein’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If and 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.